The playmaker had been a month-long target of Arsene Wenger but the Gunners refused to meet his £37million release clause making a deal unacceptable for Schalke.
Draxler however has admitted that he was not told about the bid from Arsenal until after it was rejected, showing the faith put in him by the German club.
The midfield man was unhappy about not being told about the bid but understands the situation was tough for both Arsenal and Schalke.
“The fact is, Horst Heldt had offers for me this winter,” Draxler said.
“I’m happy about that. On the other hand, it shows the respect I enjoy at this club, even if Heldt refuses without me being asked.
“I wasn’t too aware of everything that was going on in the media because I was concentrating on getting back to fitness.
“Of course I wasn’t completely unaware of everything that was being said but I know the truth of the story so I didn’t let it drive me crazy.”