The agent of Martin Petrov admits the Manchester City midfielder wanted a move to Tottenham.
Reports suggested Petrov would move to White Hart Lane in a deal which would see David Bentley moving in the opposite direction.
The failure to put an agreement in place has come as a disappointment to the players concerned, as both have struggled for regular football of late.
Tanev told Bulgarian radio station Darik: "I can say that Martin wanted to join Tottenham. You see that he has some problems at City and that's why he decided to look elsewhere and Spurs made an offer for him.
"But it's not the end of the world. He has one year of his contract left and we'll see after that."