Ramon Calderon has dropped a huge hint that he has accepted defeat in Real Madrid's pursuit of Cristiano Ronaldo, by stating his belief Rafael van der Vaart could be their only signing of the summer.
Madrid's president was introducing the Dutchman to the crowd of fans who had gathered inside the Bernabeu, when he revealed this would likely be the only major presentation in the Spanish capital this month.
Manchester United have said that they do not expect the Portuguese star to leave them and now Calderon has publicly stated that he also thinks this is the case.
"Van der Vaart is the first signing and probably the only one," said Calderon.
Madrid have made no secret of their desire to sign Ronaldo but while the Spanish press continue to speculate over his future on a daily basis, it would appear his chances of moving to Spain are shortening by the day.
United are loath to lose their prize asset and while it has been suggested they may contemplate a deal next summer, Sir Alex Ferguson is adamant he will have the player at his disposal this season.