Harry Redknapp has revealed that Tottenham paid an inflated fee for Scott Parker in order to keep Jake Livermore at White Hart Lane.
Spurs snapped up England international Parker over the summer following a protracted chase.
It was expected that Livermore would head in the opposite direction, with the Hammers keen to cover the loss of an influential midfielder.
Redknapp was reluctant to part with the 21-year-old though, even on loan, and admits Tottenham upped their offer for Parker in order to push a deal through.
"I like Jake. He's a fantastic boy and he's an established player now," Redknapp told London 24 of a player who has already made 12 appearances this season.
"West Ham wanted to take him and, in the end, he didn't want to go anyway. It didn't happen and I'm pleased to have him here because he's important for us.
"He'll play in midfield and do a job anywhere for you. I think he has a good future.
"We paid more money for Scott in the end rather than throw Jake in as part of the deal."
Livermore is expected to line up for Spurs in Thursday's Europa League clash with Rubin Kazan with Redknapp - who will be absent from the game after undergoing a minor heart operation - confirming that a number of youngsters will be given another opportunity to impress.
"We've played some of the younger kids in Europe and they've come in and done well - people like young Tom Carroll, Andros Townsend, Jake Livermore and Harry Kane," he said.
"They've all had a go at it and they've all acquitted themselves well.
"We'll keep doing the same thing. I'll play those lads and one or two who are coming back to fitness, so they'll come out and play for us in Russia on Thursday."