The Corinthians forward even claimed that Andre Villas-Boas failed with an attempted to sign him in the summer.
Tottenham are understood to still be interested in bringing the former AC Milan forward to White Hart Lane, despite some below par performances this season.
Arsenal remain in the market for a new striker, and see Pato as the ideal alternative to in form Olivier Giroud.
“Tottenham had called Corinthians to ask for my transfer. I sat at the table with the club and my agent and I decided I wanted to stay,” Pato told Sportv.
The Brazilian has had an up and down time of things since bursting onto the scene as a 17-year-old.
He looked to be close to fulfilling his promise by the 2010/2011 season, scoring 14 goals for AC Milan.
But injuries, coupled with the signing of Mario Balotelli and the emergence of Stephen El Shaarawy, meant Milan sold the forward to Corinthians earlier this year for £12.8million.
It appears the North London duo are confident they can get the best out of the young forward, who undoubtably has the talent at his disposal when fit.