Cabaye has impressed so far this season for Newcastle, after joining the club from French champions Lille in the summer.
“My name was being linked with clubs left, right and centre for two years, but there were no firm contacts,” Cabaye is quoted as saying in The People.
“I had the possibility of going to Aston Villa. But it depended upon whether Gerard Houllier was going to continue in charge and as he ended up not staying I did not join them.
“A lot of people thought that I was going to sign for Arsenal this summer, but Newcastle were all I had.
“I was never in contact with anybody at Arsenal. They made some enquiries but that was as far as it went.
“The only person I spoke to on the phone was Alan Pardew, and I really liked what he had to say.
“If it was all about money I would now be in Russia and not in Newcastle. Many people did not understand my decision but it was easy for me.
“The Premier League is the best in the world and I’m happy with my choice.”