In his first interview since being handed a 90-day suspension from all football-related activities by FIFA, the former star player for France and Juventus told Le Monde that, although he had nothing in writing, he had made a "man to man" agreement with Blatter over the contested remuneration.
Platini added that, as he understood it, under Swiss law "an oral contract is worth a written contract".
FIFA chief Blatter, who is also serving a 90-day suspension amid a huge corruption scandal engulfing the game, said last week that the payment made to Platini in 2011 for consultancy work carried out years previously, was "a gentleman's agreement".
Platini, who also had a spell as France coach, told Le Monde he felt Blatter was seeking to "kill me politically" over the payment which looks to have doomed any chance of his succeeding him.
He had been seen as favourite to take over in February until he was named in a Swiss criminal investigation into Blatter's management of FIFA.
"It was implemented. I can't give any more details, the issue is being discussed in two investigations."
The suspensions on Blatter and 60-year-old Platini, were announced as Swiss authorities conduct a criminal investigation into corruption allegations at the scandal-tainted world football governing body.
Platini told Le Monde he felt "shame at being dragged through the mud".
He explained that Blatter had wanted him to work alongside him at FIFA after the Swiss took over but he turned down the request as he was organising that year's World Cup which France hosted and won.
Platini said he replied: "A million."
Asked to specify which currency he said: "Whatever you want, rubles, pounds, dollars."
He said Blatter agreed to pay a million Swiss francs per year (around $770,000 at the time).
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