Real Madrid president Florentino Perez has revealed that Brazilian striker Neymar, who signed for Barcelona, would have cost the club €150 million euros.
The official was forced to explain why Real were beaten to the deal by fierce rivals Barca, after the highly-rated youngster completed his €50m move to the Nou Camp.
Perez told reporters: "We negotiated with the club, the father and an investment fund.
"Three years ago, there was a chance of signing him and we intend to take it.
"But Santos did not want to release him and have prolonged the deal.
The president said of the former Santos forward: "Neymar seems to be a great player and he would have signed if the conditions had not altered the wage structure of the club.
"He would have cost a total of over €150m. I do not know how he has come to Barca."
Meanwhile, the 21-year-old put pen to paper on a lucrative five-year contract at the Blaugrana club last night following his final game for his boyhood team Santos in Brazil on Sunday.
Neymar will join up with Tito Vilanova's squad in July after taking part in the Confederations Cup with the national team, where - with the likes of Andres Iniesta and Xavi Hernandez involved - he is likely to come face-to-face against some of his future teammates.
The attacker told reporters after his side's game with Flamengo: "To play with Messi, Xavi and Iniesta is a great honour. It's a dream to be going to Barca. I leave Santos through the front door. I hope to return to my second home [in future], which is Santos.
"I feel fantastic, very happy and grateful to Santos and I'm already thinking about Barca."
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