Gary Cahill's proposed move to Tottenham broke down when Bolton boss Owen Coyle demanded Jermain Defoe in part-exchange reports the Daily Mirror.
Coyle was adamant Cahill would not leave the Reebok Stadium in a cash-only deal, and so set about the task of recruiting another high calibre player that could improve the Trotters' playing squad.
Spurs boss Harry Redknapp promptly sent agents representing the north London club up to Bolton to try and strike a deal that included either David Bentley or Sebastien Bassong.
Not happy with the players on offer, Coyle rebuffed Tottenham's advances and instead pin-pointed the England international striker as the man who could make a deal possible.
But Redknapp was unwilling to let Defoe leave White Hart Lane, especially after the sale of Peter Crouch, who left Tottenham for Stoke City in a £10million deal.
Coyle concluded a positive transfer window with the £4million acquisition of David N'Gog from Liverpool, and agreed a loan deal for Chelsea's Gael Kakuta until January 1.
With Cahill in the final 12 months of his contract, the Bolton board are poised to offer their star player a new deal. If however, he decides not to agree improved terms with the Trotters, then it is likely that Cahill will be sold when the transfer window reopens at the turn of the year.