Yoann Gourcuff took a pay-cut to remain with Lyon over a potential transfer to either Arsenal or Tottenham this summer, according to the French club's president.
The French international has been linked with a move to the Premier League for some time now, but has always opted to remain with the Ligue 1 club since his £18 million switch in 2010 from Bordeaux.
His resolve to stay put this summer was reportedly tested by both Tottenham and Arsenal who wanted to sign him, while Lyon's financial problems could have tempted them to cash in on one of their most-prized assets.
However, rather than jump ship the midfielder took a rather different course of action that allowed him to remain with Lyon.
"He has made a very substantial parting with some of his salary, over 25%," Jean Michel Aulas told RMC.
The news is likely to both delight Lyon fans as well as frustrate Tottenham and Arsenal supporters. The 28-year-old is one of the canniest operators in European club football and would likely have been available on the cheap, making him the perfect addition for either squad.
Despite their inability to land Gourcuff this summer, both teams were active in the summer transfer window. Tottenham underwent something of a mini-overhaul following the arrival of Mauricio Pochettino from Southampton.
They started their spending by securing the services of Michel Vorm and Ben Davies from Swansea, before adding Eric Dier from Sporting Lisbon, Villarreal's Federico Fazio and Montpellier's Benjamin Stambouli. A deal for DeAndre Yedlin from the Seattle Sounders was reached and the young full-back will arrive at White Hart Lane next season.
Arsenal meanwhile spent serious money in order to lure Alexis Sanchez from Barcelona, while Mathieu Debuchy was signed from Newcastle in order to compensate for the loss of Bacary Sagna to Manchester City.
Calum Chambers was also signed from Southampton and David Ospina was bought in to provide compassion for Wojciech Szczesny. The Gunners' final piece of business was to bring in Danny Welbeck from Manchester United on deadline day