The 38-year-old was on the brink of joining the Gunners, but Fulham dug their heels in to secure his services for another year.
And Schwarzer admits he has no regrets about staying put at Craven Cottage. "Was it a test for me? Without a doubt," he said.
"It is always a big test when there is speculation and an ongoing saga. What you have to do is get your head down and do your job. I showed that I could do that.
"I am an employee of Fulham and I have always said I love playing for this club."
While it was Mark Hughes who fought to keep the veteran, the Welshman has since been replaced with Martin Jol, and the Australian is delighted the club is in good hands.
"The chairman (Mohamed Al Fayed) has been 100 per cent supportive and the club wouldn't exist in the position it is in now without his rock solid backing.
"It was a surprise when Mark Hughes left, but Martin Jol has had some big coaching positions and has slotted in easily."
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