diff --git a/pandas/__init__.py b/pandas/__init__.py
index 10d65e41d3030..491bcb21f245d 100644
--- a/pandas/__init__.py
+++ b/pandas/__init__.py
@@ -297,13 +297,25 @@ def __getattr__(self, item):
 
     np = __numpy()
 
-    class __Datetime:
-        def __init__(self):
-            from datetime import datetime as dt
+    class __Datetime(type):
 
-            self.datetime = dt
+        from datetime import datetime as dt
 
-        def __getattr__(self, item):
+        datetime = dt
+
+        def __getattr__(cls, item):
+            cls.emit_warning()
+
+            try:
+                return getattr(cls.datetime, item)
+            except AttributeError:
+                raise AttributeError(f"module datetime has no attribute {item}")
+
+        def __instancecheck__(cls, other):
+            return isinstance(other, cls.datetime)
+
+    class __DatetimeSub(metaclass=__Datetime):
+        def emit_warning(dummy=0):
             import warnings
 
             warnings.warn(
@@ -311,18 +323,45 @@ def __getattr__(self, item):
                 "and will be removed from pandas in a future version. "
                 "Import from datetime instead.",
                 FutureWarning,
-                stacklevel=2,
+                stacklevel=3,
             )
 
-            try:
-                return getattr(self.datetime, item)
-            except AttributeError:
-                raise AttributeError(f"module datetime has no attribute {item}")
+        def __new__(cls, *args, **kwargs):
+            cls.emit_warning()
+            from datetime import datetime as dt
 
-    datetime = __Datetime().datetime
+            return dt(*args, **kwargs)
 
-    class SparseArray:
-        pass
+    datetime = __DatetimeSub
+
+    class __SparseArray(type):
+
+        from pandas.core.arrays.sparse import SparseArray as sa
+
+        SparseArray = sa
+
+        def __instancecheck__(cls, other):
+            return isinstance(other, cls.SparseArray)
+
+    class __SparseArraySub(metaclass=__SparseArray):
+        def emit_warning(dummy=0):
+            import warnings
+
+            warnings.warn(
+                "The pandas.SparseArray class is deprecated "
+                "and will be removed from pandas in a future version. "
+                "Use pandas.arrays.SparseArray instead.",
+                FutureWarning,
+                stacklevel=3,
+            )
+
+        def __new__(cls, *args, **kwargs):
+            cls.emit_warning()
+            from pandas.core.arrays.sparse import SparseArray as sa
+
+            return sa(*args, **kwargs)
+
+    SparseArray = __SparseArraySub
 
 
 # module level doc-string
diff --git a/pandas/tests/api/test_api.py b/pandas/tests/api/test_api.py
index fb2615a7b34f3..8b897524cb053 100644
--- a/pandas/tests/api/test_api.py
+++ b/pandas/tests/api/test_api.py
@@ -43,7 +43,7 @@ class TestPDApi(Base):
     ]
 
     # these are already deprecated; awaiting removal
-    deprecated_modules: List[str] = []
+    deprecated_modules: List[str] = ["np", "datetime"]
 
     # misc
     misc = ["IndexSlice", "NaT", "NA"]
@@ -90,15 +90,17 @@ class TestPDApi(Base):
         "UInt64Dtype",
         "NamedAgg",
     ]
-    if not compat.PY37:
-        classes.extend(["Panel", "SparseSeries", "SparseDataFrame", "SparseArray"])
-        deprecated_modules.extend(["np", "datetime"])
 
     # these are already deprecated; awaiting removal
     deprecated_classes: List[str] = []
 
     # these should be deprecated in the future
-    deprecated_classes_in_future: List[str] = []
+    deprecated_classes_in_future: List[str] = ["SparseArray"]
+
+    if not compat.PY37:
+        classes.extend(["Panel", "SparseSeries", "SparseDataFrame"])
+        # deprecated_modules.extend(["np", "datetime"])
+        # deprecated_classes_in_future.extend(["SparseArray"])
 
     # external modules exposed in pandas namespace
     modules: List[str] = []
@@ -201,44 +203,46 @@ class TestPDApi(Base):
 
     def test_api(self):
 
-        self.check(
-            pd,
+        checkthese = (
             self.lib
             + self.misc
             + self.modules
-            + self.deprecated_modules
             + self.classes
-            + self.deprecated_classes
-            + self.deprecated_classes_in_future
             + self.funcs
             + self.funcs_option
             + self.funcs_read
             + self.funcs_json
             + self.funcs_to
-            + self.deprecated_funcs_in_future
-            + self.deprecated_funcs
-            + self.private_modules,
-            self.ignored,
+            + self.private_modules
         )
+        if not compat.PY37:
+            checkthese.extend(
+                self.deprecated_modules
+                + self.deprecated_classes
+                + self.deprecated_classes_in_future
+                + self.deprecated_funcs_in_future
+                + self.deprecated_funcs
+            )
+        self.check(pd, checkthese, self.ignored)
 
     def test_depr(self):
-        deprecated = (
+        deprecated_list = (
             self.deprecated_modules
             + self.deprecated_classes
             + self.deprecated_classes_in_future
             + self.deprecated_funcs
             + self.deprecated_funcs_in_future
         )
-        for depr in deprecated:
+        for depr in deprecated_list:
             with tm.assert_produces_warning(FutureWarning):
-                if compat.PY37:
-                    getattr(pd, depr)
-                elif depr == "datetime":
-                    deprecated = getattr(pd, "__Datetime")
-                    deprecated().__getattr__(dir(pd.datetime)[-1])
-                else:
-                    deprecated = getattr(pd, depr)
-                    deprecated.__getattr__(dir(deprecated)[-1])
+                deprecated = getattr(pd, depr)
+                if not compat.PY37:
+                    if depr == "datetime":
+                        deprecated.__getattr__(dir(pd.datetime.datetime)[-1])
+                    elif depr == "SparseArray":
+                        deprecated([])
+                    else:
+                        deprecated.__getattr__(dir(deprecated)[-1])
 
 
 def test_datetime():
@@ -249,6 +253,16 @@ def test_datetime():
         warnings.simplefilter("ignore", FutureWarning)
         assert datetime(2015, 1, 2, 0, 0) == pd.datetime(2015, 1, 2, 0, 0)
 
+        assert isinstance(pd.datetime(2015, 1, 2, 0, 0), pd.datetime)
+
+
+def test_sparsearray():
+    import warnings
+
+    with warnings.catch_warnings():
+        warnings.simplefilter("ignore", FutureWarning)
+        assert isinstance(pd.array([1, 2, 3], dtype="Sparse"), pd.SparseArray)
+
 
 def test_np():
     import numpy as np