The agent of Italian midfielder Marco Verratti has revealed that Serie A clubs were priced out of a move for the player's signature.
As reported by talkSPORT, Verratti's agent, Donato De Campli, has insisted that the player is pleased to have signed a new deal with French moneybags Paris Saint-Germain.
Verratti was linked with a number of clubs throughout the summer's transfer window, with the likes of Manchester United, Arsenal and Real Madrid all credited with interest in his signature.
However, he now looks set to stay in Ligue 1 for the long term after signing a five-year deal with the club.
"We are very pleased after signing the new contract", Donato De Campli told Tutto Mercato.
"PSG understood that Marco is important for them and so they accommodated the boy with a very long contract.
"There is no chance of him moving to the Serie A especially taking into the consideration the financial aspect.
"During the summer no club from Italy enquired about Marco as no one has the financial resources to buy him. Unfortunately, our football is paying for the choices of its directors."
The 21-year-old is recognised as one of the most talented youngsters in world football, but it appears unlikely that he will star in England's elite division anytime soon.
Manchester United and Arsenal
For now, though, both Manchester United and Arsenal will have to make do with the squads at their disposal. Both clubs have made an indifferent start to this domestic season, with Manchester United having only just picked up their first competitive win of the Louis van Gaal era.
Arsenal, meanwhile, have already drawn three league games this term, and are already six points behind current league leaders Chelsea after just four games.
The Gunners have also made a nightmare start to the Champions League after suffering a 2-0 defeat in Germany last night against Borussia Dortmund. Manchester United, of course, will be desperate to return to Europe's top competition after a nightmare campaign under David Moyes last term.
It remains to be seen as to whether either club add to their squads in the winter market after being extremely busy throughout the previous transfer window. Arsenal are certainly in need of a tough tackling central-midfielder, whilst United could do with adding a defender to their squad.