Sevilla president Jose Maria Del Nido has revealed that the La Liga side were priced out of a move for Tottenham forward Giovani Dos Santos reports talkSPORT.
The 22-year-old Mexican international thought a deal had been agreed with the La Liga club, only for the north Londoners to pull the plug on transfer deadline day.
Spurs boss Harry Redknapp strengthened his forward line with the addition of Emmanuel Adebayor, who moves to White Hart Lane on a season-long loan, while Peter Crouch was sold to Stoke City for £10million on the final day of the window.
Dos Santos has failed to ever make his mark in the Tottenham first-team, and after a series of short-term spells away from the club, it was heavily anticipated he would be sold to generate further funds for Redknapp and Co.
"The problem was that Udinese offered big and Sevilla could not pay an amount like that," said Del Nido. "We made an offer of around €5million plus add ons.
"The player wanted to come, he and his father said so, but Sevilla could not make a crazy offer."
Udinese are believed to have offered Tottenham upwards of £12million for Dos Santos in January - a significant fee for a player who could be regarded as nothing more than a fringe player at White Hart Lane.
But after deciding not to sell, Spurs had hoped they would be able to generate a similar fee, but Sevilla's failure to qualify for the UEFA Europa League did little to help them in their pursuit of Dos Santos.
"If we were not beaten by Hannover I am not sure Giovani would have definitely come," Del Nido continued. "But we would have signed a player.
"What determined that we did not spend a significant amount on players was our elimination from the Europa League and the coach understands that."