Shakhtar Donetsk chief executive Sergei Palkin said Arsenal had been in contact with Mykhaylo Mudryk for a month and a half before they approached his club.
The 22-year-old completed a move to Chelsea on Sunday, with the Blues able to complete a deal that could reach £89million (four billion UAH) from under the noses of Arsenal.
Palkin explained he had met officials from the Gunners "three times", but Chelsea were ultimately the only club that met the financial demands of the Ukrainian side.
Speaking to The Athletic, Palkin said: "Before Chelsea arrived, I did not know they were close, because I communicated with Arsenal in the same way as I had with Chelsea... I met Arsenal more times than Chelsea.
"Therefore, before this last meeting, Arsenal was close, or a little bit closer to this deal than Chelsea."
He spoke of Arsenal's lengthy attempts to convince the player, adding: "From my point of view, [this] is why everybody talked about Arsenal. It is because Arsenal contacted the player almost one and a half months before they contacted us.
"Can you imagine, for example, to have [Arsenal manager] Mikel Arteta, [Arsenal left-back and Ukraine international] Oleksandr Zinchenko and the sporting director [Edu] calling you, to have Arsenal calling you almost every day, every two days, every three days?
"If you talk about Chelsea, they called me at the end of December and asked if they can contact Mudryk because they are interested in him and want to talk with him. I said, 'No problem, you can contact him'.
"The first time they contacted him was around the end of December or the start of January. They contacted the player and the agent of the player and they met the financial conditions.
"Why did many people around it have the impression that Mudryk was going to Arsenal? It is because Arsenal contacted him [first] and then Mudryk started to watch some games of Arsenal.
"But negotiations are negotiations. When you didn't close everything, when you did not [close] the last dot, then you cannot finish the deal. It was just an outside visual impression that Mudryk [was] close to Arsenal."
Palkin also confirmed Arsenal had also been willing to offer an overall figure of £89m, but that their final bid only included £62m up front, with £27m in add-ons.
"When we met Chelsea, we stayed all together," he added. "For you to understand the context, it was for nine or 10 hours. They invited the player and explained to us the whole project.
"We realised that, yes, if you look right now, Chelsea have some kinds of problems but it is normal because they have a transition period from one owner to another. It is understandable.
"They would like to change a lot. So when they explain to you the whole story and you look for the next two, three, four, five years, then you see they have a serious project.
"I believe they will build one of the best clubs in the world because I am telling you, they are very serious in all directions: sports science, the stadium side, the commercial side, on all things. For us, they looked very ambitious."
Benzema: Mbappe must adapt to Madrid role and forget 'best in world' Vinicius
Kylian Mbappe must learn to play as a central striker at Real Madrid because he cannot displace Vinicius Junior on the left wing.
Those were the words of Los Blancos' second-highest scorer of all time, Karim Benzema.
Mbappe has scored eight goals in 14 appearances in all competitions for Madrid since his move from Paris Saint-Germain, but has failed to score in his last five games.
The 26-year-old has been deployed in a more central role since under Carlo Ancelotti, as opposed to the wide role where he enjoyed success with the Parisiens.
"The problem, in my opinion, is that [Mbappe] is not a central striker, even with the national team, every time he plays as a number nine he doesn't feel right, because that's not his position," Benzema said on Spanish television show El Chiringuito.
"On the left, he's got a guy who's at the same level as him, Vinicius, so there is a problem.
"You can't play Vinicius as a number nine or on the right, because when he plays on the left he makes the difference in every game.
"Mbappe isn't a real number nine. People ask a lot of him and he's under a lot of pressure, this isn't Paris Saint-Germain."
The France captain has underperformed his expected goals (xG) figure in LaLiga by 1.75 this term, recording a shot conversion rate of just 18.18% from his 33 total attempts.
He has also missed seven big chances, with only Real Betis duo Abde Ezzalzouli and Vitor Roque (both eight) and Barcelona's Robert Lewandowski (11) wasting more in LaLiga.
In Madrid's last game, a 4-0 Clasico defeat, Mbappe recorded just 27 touches. Only Aurelien Tchouameni (24) registered fewer among those who started the encounter.
Benzema also endured a difficult start to life in the Spanish capital, netting just nine goals in his 33 appearances in all competitions in his debut season after his move from Lyon.
He would, however, go on to become one of Madrid's best ever players, scoring 354 times in 648 outings, a total that puts him behind only Cristiano Ronaldo (450) in the club's history.
Benzema won 25 major honours during his time at the club, also scooping the Ballon d'Or in 2022, and had some advice for his compatriot moving forward.
"Don't give up, because I don't think he's going to push Vinicius to move. He's the best player in the world at the moment," Benzema added.
"Mbappe needs to get it into his head that today he's a number nine, and forget about the left flank for a while."
Mbappe will be back in action for Madrid on Tuesday when they face Milan in the Champions League.
Luis Enrique in awe of Simeone energy ahead of reunion
Paris Saint-Germain coach Luis Enrique was full of praise for his former rival Diego Simeone as he prepares to go head-to-head with the Atletico Madrid boss in the Champions League.
PSG and Atletico, who reached the semi-finals and the quarter-finals respectively last season, will face off on Wednesday having both won just one of their three league-phase games.
A home victory would boost PSG, currently 19th with four points, while Atletico, languishing in 27th on three, are aiming to recover from back-to-back losses.
PSG have never faced Atletico in the Champions League before but Luis Enrique's Barcelona defeated Simeone's Atletico side nine times in their 14 meetings between 2014 and 2017, drawing twice and losing three times.
Luis Enrique led Barca to a Champions League and LaLiga double in 2014-15 followed by another league title the following year.
"We've played against each other as players and then as managers. I admire Simeone, when a coach can stay for so many years at a top club it means he is great because that is such a difficult thing to do," Luis Enrique told reporters on Tuesday.
Simeone has managed Atletico for 13 years, guiding them to two LaLiga titles and two Europa League crowns, though the Madrid side had considered hiring Luis Enrique prior to Simeone's arrival.
"I had given my word to another club. If I had gone to Atleti, I would not have stayed half as long as Simeone because I don't have the energy as him," added Luis Enrique.
"They are lucky to have found Simeone as a coach. You need a lot of energy, to be able to convince all your players over the long-term."
PSG, having lost Kylian Mbappe to Real Madrid in the close season, have just two goals in their three Champions League games, beating Girona 1-0 but drawing 1-1 with PSV and losing 2-0 at Arsenal.
"I have no doubt we can improve in defence and attack, whether it is with the defender duos of Marquinhos and Willian Pacho, or Milan Skriniar and Lucas Beraldo, or in the midfield," Luis Enrique said.
"I understand you want to discuss individual players, but we analyse things from a broader perspective.
"What interests me is to always generate goalscoring opportunities and to arrive in the penalty area because you have managed to be stronger than your opponent.
"That is my objective as a coach: to always generate opportunities."
Close-season signing Matvey Safonov, who kept a clean sheet in their opening win against Girona, might replace number one goalkeeper Gianluigi Donnarumma, whose mistakes proved costly at Arsenal and against PSV.
"You will find out tomorrow. After a good cup of cappuccino, I will decide who the goalkeeper is," Luis Enrique said.
Neymar suffers fresh injury blow
Neymar sustained a new injury as he was forced off during Al-Hilal's AFC Champions League Elite win over Esteghlal.
Aleksandar Mitrovic plundered a hat-trick on Monday to seal a 3-0 win.
But Al-Hilal's victory was soured by an injury to Neymar, who had to make way just 29 minutes after he came on as a second-half substitute.
The Brazilian, who has just returned from over a year out of action following a serious knee injury, was forced off with what appeared to be a thigh issue.
Indeed, Monday's appearance was only the 32-year-old's second for Al-Hilal since his comeback.
He has featured just seven times for the Saudi Pro League champions in all competitions since his big-money move from Paris Saint-Germain in 2023.
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