Mesut Ozil rejected "crazy offers" from Asian clubs worth a reported £1million a week to stay at Arsenal, according to his agent.
The 30-year-old agreed to a new deal with the Gunners in February which is said to be worth in the region of £300,000 per week, after months of speculation over his future.
His representative, Dr Erkut Sogut, has denied money was the main problem during protracted negotiations with the club and suggested Ozil could have earned world-record sums had he agreed to move away from north London.
"We had some really big offers from Asia. There were some crazy offers," he told Standard Sport. "But, for Mesut, money was by no means the biggest factor.
"Money is definitely one important thing to consider, but people must remember that footballing ability is just one aspect of a contract negotiation. The commercial impact of a footballer is crucial nowadays.
"Mesut has the biggest social media following of any player in the Premier League and I just read that his shirt numbers [sales] were the largest at the club. At the end of the day, this is all information that has to be taken into consideration.
"So, the commercial side is very big with a player like Mesut, who has played in different countries and was the number 10 of the Germany team, where he won the World Cup. His market is worldwide. The club makes money out of these players as well."
Ozil, who joined from Real Madrid in 2013, is now committed to Arsenal until 2021 and has suggested he could stay at Emirates Stadium for the rest of his career.
Sogut says the player's love for the club was a key factor behind his decision to stay.
"It came down to what was in his heart," he said. "We were free to sign with other clubs and, in the end, Mesut loves the club. I put everything to him and he just said, 'This is my home, I want to be here'."
|Berizzo: Paraguay dropped two points against Argentina|
|All change in Serie A: The task awaiting Sarri, Conte, Giampaolo and Fonseca|
|Rumour Has It: Real Madrid to offer €130m and James or Bale for Neymar|
|Scherzer overcomes broken nose to inspire Nationals|
|Messi: We´re convinced we will beat Qatar|
|A football genius and Lionel Messi – Newcastle poke fun at Argentina great and hail Almiron|
|Argentina lucky to be alive at Copa America – Scaloni|
|Mexico 3 Canada 1: Guardado brace preserves Martino´s 100 per cent record|
|Lightning´s Nikita Kucherov caps off season with Hart Trophy|
|Argentina 1 Paraguay 1: Messi scores but Copa America exit looms|
|World Rugby scraps Nations Championship plans|
|Sanchez left with ´bad taste´ after Qatar´s loss to Colombia|
|Salah among world´s best three players – Elmohamady|
|NBA Draft 2019: Three players with boom or bust potential|
|Colombia 1 Qatar 0: Zapata heads in late winner|
|NBA Draft 2019: Five second-round sleepers|
|NBA Draft 2019: Three players who will be selected too early|
|NBA Draft 2019: Six things we learned from Zion Williamson´s interview|
|NBA Draft 2019: What will Warriors do with pick 28?|
|Injured Del Potro withdraws at Queen´s, Lopez into last eight|
|We´ll wait and see - Jorginho agent not ruling out Juventus move|
|Women´s World Cup Review: Argentina and VAR dump Scotland out as England top Group D|
|Lopez strongly denies match-fixing allegations|
|Defending champion Coric comes through Halle thriller|
|Australia v Bangladesh: Carey and co target dangerman Shakib|
|Euro U21s Review: Fornals stunner gets Spain off the mark, Poland shock Italy|
|Argentina make Women´s World Cup history with stunning Scotland comeback|
|Sevastova cruises past Tomljanovic at Mallorca Open|
|Celtic could face Nomme Kalju or Shkendija in Champions League qualifying|
|New Zealand skipper Williamson hails De Grandhomme innings|
|Inter complete Politano deal|
|Coutinho unsure over Barcelona future|
|Luis Enrique grateful for privacy after leaving Spain role|
|Bayern looking forward to signing Sane, claims Lewandowski|
|Every win will be yours – Spain captain Ramos pays tribute to Luis Enrique|
|Masterful Williamson nudges South Africa closer to World Cup exit|
|Unfortunate Del Potro suffers another knee injury|
|F1 Raceweek: Vettel under pressure - French GP in numbers|
|Police arrest man on suspicion of manslaughter over Sala death|
|Baines signs Everton extension|
|AC Milan appoint Giampaolo as head coach|
|Is Mats Hummels still an elite defender?|
|Barcelona to face Napoli in first LaLiga Serie A Cup|
|Pant cleared to join India squad at World Cup after Dhawan blow|
|Ancelotti wants James Rodriguez, confirms Napoli chief De Laurentiis|
|Uruguay v Japan: Laxalt expects tough clash in Porto Alegre|
|Hummels set to join Gotze in returning to Dortmund|
|Who is new Spain coach Robert Moreno?|
|Bamba out with ankle injury after Choudhury challenge|
|Juan Mata agrees two-year extension at Manchester United|
|Assistant coach Terry extends Aston Villa contract|
|Nowell expected to be fit for World Cup following ankle surgery|
|Walker joins Silva, Sterling, Ederson and more in committing to City|
|AFC Champions League Review: Hwang strike gives Ulsan advantage|
|Saracens to face Munster, Racing and Ospreys in tough Champions Cup pool|
|Super League clubs alarmed by England and Great Britain coach Bennett´s NRL claim|
|Mendy opens up on ´incredible´ journey from career-ending operation to Real Madrid|
|Moreno replaces Luis Enrique as Spain coach|
|Walker pens two-year Manchester City extension to 2024|
|Dortmund agree deal for Hummels return|
|Amla reaches ODI landmark at World Cup|
|Neymar Champions League ban appeal rejected|
|India lose batsman Dhawan for rest of World Cup campaign|
|Scholes fined £8,000 by FA over betting breaches|
|Simmons promises answers on Afghan amid apparent row with selector|
|´Out of control´ Lorenzo told to calm down after crash|
|Marquinhos urges ´team-mate and friend´ Neymar to remain at PSG|
|I´m not looking to fill LeBron´s shoes - Williamson wants to ´be the best Zion´|
|Paraguay´s Messi challenge outlined by Berizzo|
|All Blacks ace Ben Smith back and ´100 per cent´ fit|