Colchester boss Aidy Boothroyd has confirmed that Ipswich youngster Owen Garvan turned down a loan spell with the League One side.
The Us boss had a transfer bid for the talented midfielder accepted by Town boss Roy Keane.
Garvan, though, rejected the move, preferring to fight for his place with the struggling Championship outfit.
The Republic of Ireland Under-21 skipper is determined to win back his place having fallen down the pecking order at Portman Road.
"It's fair to say I did enquire about Owen and Ipswich were prepared to let him go on loan," said the Us boss.
"He elected to stay and fight for his place and that's fine. I've not got an issue with that.
"Players have to make decisions and if I had a pound for every player that didn't sign for me at Watford I'd have probably bought this club rather than be manager of it!"
Garvan has struggled to make the Town first-team since being dropped in August following the club's 2-0 defeat to West Brom.
Keane stated that one or two of the players involved in that game would never play again for him and Garvan has failed to even make the bench since that announcement.
Boothroyd added that he would not renew his efforts to bring the youngster to Essex, whilst urging players in similar situations to consider their options when offered a second chance.
"That ship (regarding Garvan) has now sailed, I'm not bothered about it and we'll move on," he said.
"I don't see it (League One) as a step down, but more as a chance to jump onto a springboard that can take you a few steps further up.
"If players don't want to drop down to play with us then OK, that's fine. I want players that will take risks in their careers."