Hakan Calhanoglu has rejected interest from the Premier League and signed a new deal with Hamburg, reports talkSPORT.
Manchester City and Chelsea have been linked with an interest in the 19-year-old but it was Arsenal and Liverpool who were believed to be keener than most.
Calhanoglu has worked his way in to the Hamburg first team this season, scoring five goals in 18 Bundesliga appearances–a rare positive in a difficult season.
His fine form had alerted Arsene Wenger and Brendan Rodgers, who saw this young midfield talent as a potential signing for the future.
Arsenal, in particular, seemed like a good destination for Calhanoglu, who has been likened to Gunners star Mesut Ozil. With a tag like that, the playmaker looked set to reject Anfield for the chance to link up with his supposed-likeness.
However, Calhanoglu has rejected interest from both of them and opted to sign a contract extension with Hamburg despite their insecure place in Germany's top division.
In what was believed to be a double-your-money deal, Calhanoglu extended his deal, keeping him with HSV until the summer of 2018.
The Turkish international said in a statement: "I always said that I'm happy in Hamburg and with HSV.
"I would like to play for this club in the Bundesliga for a long time yet and I want to become a regular in the team. I also wanted to make a statement in our difficult situation."