Hull City manager Phil Brown believes the reason why the club failed in their bid to lure Roma defender Christian Panucci was due to financial issues.
The Tigers boss has revealed he did not want to jeopardise the club's stability just to bring in a quick short-term fix.
Brown also blamed the fact that there were too many agents involved in the deal, therefore increasing the amount of money needed in order to bring the Italian in.
The 35-year-old, who can play at full-back or centre-half, arrived in Hull on Sunday and agreed personal terms and passed a medical but both clubs could not agree on a fee.
"It was difficult because in the end it was about finances so it would have been done for the wrong reasons," Brown told the Hull Daily Mail.
"We were ready to push the boat out to make the deal happen, but as far as we were concerned there were too many agents involved feeding for the scraps."
Despite missing out on the former Chelsea man, Brown was still pleased with the signings he brought in earlier in the month.
The Tigers splashed out £8million on the likes of Jimmy Bullard, Kevin Kilbane, Kamil Zayatte and the loan signing of Manucho in a bid to stay in the top flight.
"People expect a flourish of new signings on a transfer deadline day, but we were happy doing our business in the early part of the month," he added.
"Whether that is sufficient, only time will tell, but I'm very confident that we've got a squad capable of staying in the Premier League."