Juventus manager Massimiliano Allegri claims the Serie 'A' champions were not in a position to compete with Manchester United for the services of Radamel Falcao, and after it emerged the Premier League giants wanted to sign him they gave up hope of luring the AS Monaco striker to Turin.
The Daily Express carries quotes from the Italian coach, who expressed his satisfaction at the business his side completed during the summer transfer window, but admitted that the Italian outfit had little chance of securing the Colombia international's signature.
Falcao completed a deadline day loan move to Old Trafford, with the Red Devils paying a £6 million fee for the season, as well as covering all of the 28-year-old's £350,000-a-week wages, which amounts to a mouth-watering £18 million.
With £24 million already set aside for the South American marksman in 2014/15, Manchester United will also have to fork out another £50 million to make the player's move permanent next summer.
That brings the overall total to a whopping £74 million; an astronomical fee that Juventus would never even consider paying to take a player to Italy. It also highlights the gulf in financial budgets between some of the most illustrious clubs in Europe.
Massimiliano Allegri quotes:
"We missed out on Falcao? I'm not disappointed," Allegri told Italian newspaper Tuttosport.
"I'm happy with the transfer market as it was conducted by management. We wanted to improve the squad only by adding high calibre players.
"That didn't happen, partly because we know that there are clubs in Europe with completely different budgets to ours. Look at the investments made by Manchester United.
"Buying players that wouldn't have added anything didn't make any sense. It was better to stand back. The team already has an excellent foundation. We have all the tools to do well in the Champions League."
What makes Falcao's move even more surprising is the fact that Manchester United won't compete in the Champions League this season, following a disappointing seventh place finish in the Premier League last term.
However, the Red Devils have proved following the appointment of Louis van Gaal that they still have the finances and necessary pulling power to sign some of world football's most high-profile stars, having also completed a British transfer record deal for Argentine winger Angel di Maria, who joins from Real Madrid for £59.7 million.
The additional capture of Luke Shaw, Ander Herrera, Marcos Rojo and Daley Blind has taken Manchester United's summer spending to well over £150 million - and puts immediate pressure on the recently appointed Dutch coach to deliver success to the club at the first time of asking.