The club have confirmed that they have been consulted about a potential European Super League, however have already emphasised that this is only a draft with no official signatures.
The breakaway league would cause major disruption to the current football model, with the Premier League and Champions League suffering as a result.
"Arsenal aren't or never have been interested in playing in any competition that weakens the Premier League," Vinai Venkatesham, managing director at Arsenal, told 'Sky Sports'.
"The Premier League is the world's leading league in the leading sport, we don't want to do anything to damage the Premier League.
"When people talk about the European Super League, that covers a really big spectrum. People jump to one end of the spectrum and think this is what we are talking about - but actually often it's just a slight evolution from where we are today.
"I see these articles that Arsenal want to breakaway, we never want to do any of that.
"But we also have to recognise we have to be in these conversations or we wouldn't be responsible.
"We have to be in the conversations, it doesn't necessarily mean we support them."
"Basically, as we are responsible for top European clubs, the ECA (European Club Association) had to look to all the options for the future," he said.
"One of them, of course, could have been the possibility of a European Super League. It was a conversation we didn't hide from anybody not even from the ECA smaller clubs.
"We looked into that in two ways: a way of exploring the real possibility and also how it would help us to negotiate with UEFA under the new terms because every cycle we will negotiate the Memorandum of Understanding.
"At the end of the day the outcome was the best possible because we got into a new deal with UEFA within the system that protected the domestic leagues."
Asked if he thought a Super League would happen, Sanllehi replied: "Not in the short term because we have an agreement with UEFA right now - but I don't know what the future will bring because the future writes itself.
"But what I can assure you is, we think the current situation is an optimal situation we (Arsenal) are very proud to be in the Premier League."