Tottenham Hotspur boss Harry Redknapp insists that he was ready to match Liverpool and Chelsea's January spending and promised that Spurs will have money to spend again in the summer.
Redknapp, usually one of the most active managers in the transfer window, watched on as Liverpool and Chelsea spent £129 million between them last month.
And while the former Portsmouth manager admits he did launch a £35 million deadline day swoop for Villarreal striker Giuseppe Rossi, there was to be no repeat of Spurs' last-gasp signing of Rafael van der Vaart in August - a transfer that has proved one of the most astute in recent memory.
Tottenham were also reported to have tabled a massive £38.5 million bid for Sergio Aguero and Redknapp has warned the club's Premier League rivals that Spurs chairman Daniel Levy and owner Joe Lewis will continue to heavily back him in the transfer market and are willing to smash the club's record £16.5 million outlay on Luka Modric.
"Daniel always said that if we found the right player then we would have gone for him but it was difficult," Redknapp said. "He tried something with Rossi.
"I think he offered £35 million in the end. It's hard to get top players unless you pay top money. You couldn't get Rossi because Villarreal don't want to sell you him.
"The chairman would have bought someone for £30 million though, for sure. He wanted to bring someone in. There was no doubt that he wanted to do it. He wanted to get somebody in and if Daniel and Joe Lewis can find the right people they will have a go again.''
Redknapp also failed in bids to land Everton defender Phil Neville and Blackpool's Charlie Adam. In contrast to their mega-bucks approaches for Rossi and Aguero, Spurs are thought to have initially offered just £250,000 for Toffees captain Neville before upping their bid to £1.5 million.
David Moyes slammed Tottenham's original bid, describing it as "insulting'' and Redknapp says he understands the Everton manager's disappointment.
"It was a pretty low offer for a good player. I couldn't argue with David on it,'' Redknapp said. "He would have been a great signing for us. He is a leader, a captain, a character and he can play in three or four positions.''