The right-back has revealed that he could have moved to the Emirates Stadium but chose to remain in the Spanish capital.
The emergence this season of Hector Bellerin has been one of the plus points for an Arsenal campaign that could yet be rounded off by silverware.
The Gunners were in the market for a new right-back in the summer following the departure of Bacary Sagna to Manchester City and opted to sign Mathieu Debuchy from Newcastle.
However, it appears that the France international may not have been the North London outfit’s first choice to replace his compatriot.
Atletico Madrid defender Juanfran has revealed on Spanish radio that the opportunity for him to move to Arsenal has arisen on two separate occasions, but both times he opted to stay loyal to Diego Simeone’s men.
"I know where I am. Atletico have pushed for me to stay," Juanfran told Radio Marca.
"I rejected two offers from Arsenal. It's what I feel.”
The no-nonsense defender has played a considerable part in Atletico’s rise to prominence in recent years and has been a feature in the Spanish national squad since making his debut in 2012.
Arsene Wenger has a key choice to make once Debuchy returns from injury, with the experienced Frenchman set to compete for a starting berth against the impressive Bellerin.
The young Spanish defender scored the opening goal for the Gunners in last weekend’s 4-1 win over Liverpool and has put in consistent performances in Debuchy’s absence.