Arsenal have been looking into sealing a move for the highly-rated German international.
But whilst the Gunners are continuing to pursue him, Schalke have insisted that he will be staying put.

"I am very sure that Julian will play in the second half for us - and probably beyond," sporting director Heldt said on Thursday.

Schalke sporting director Horst Heldt says Julian Draxler will not be joining Arsenal before the close of the transfer window.

"We are not interested in letting Julian go and he has also not come to us with the wish to leave the club.
"Of course, there is always interest in him and if someone was to come and make a serious offer for him, then we would have to deal with that professionally.
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http://www1.skysports.com/football/news/11670/9141845/transfer-news-schalke-insist-arsenal-target-julian-draxler-is-staying-for-the-season