Bolton Wanderers manager Owen Coyle says the club's refusal to sell Gary Cahill was because no club met his valuation.
Both Arsenal and Tottenham Hotspur were heavily linked with Cahill, but neither were able to agree a deal before the transfer window deadline last week.
The England defender is out of contract next summer, but Coyle says failure to meet the player's asking price was the reason for him staying at the Reebok Stadium.
"As much as some clubs are looking at Gary, nobody got close to that figure [we wanted] and what was offered was not even considered," Coyle said.
"As far as I am led to believe, there were no offers - in terms of written ones, which reached double figures, which is a million miles away from what Gary can be [valued at].
"We can talk about add-ons, but it is what is guaranteed, not about conjecture - you get this and that if this happens, but that might never happen.
"The bottom line is you put down a fee, and then you may get add-ons from that point then that is different, but in terms of what was concrete it was nowhere near."
The 25-year-old has previously been linked with Chelsea, both Manchester City and Manchester United and Liverpool, as well as the north London pair but Coyle says he had no intention in standing in way of Cahill's career.
"I understand Gary's position that he wants to play for an elite club, and I think any player should aspire to play at the top level," he added.
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