Bolton Wanderers boss Owen Coyle has spoken of their failure to sign Arsenal striker Carlos Vela ahead of West Bromwich Albion.
Coyle confirmed agent's fees scuppered the deal.
He said: "We had permission from Arsenal regarding Carlos Vela. On Thursday night we agreed with Arsenal that we would pay the players salary, we also agreed to pay a loan fee to Arsenal.
"Subsequent to that I then had a chat with Carlos Vela's agent who informed me that there was more finances to come on top of that in terms of another fee and player appearances.
"Anyway to cut a long story short it was out of the realms of possibility. We're very upfront we have a fantastic relationship with Arsenal, we always have.
"We'd agreed a deal with the football club and then outside influences meant that the deal was going to be financially far too much.
"On Thursday night I said to the chairman 'well that's it we'll leave that', and I stepped away from it.
"I never spoke to the player himself so I stress there's no fault at the player's door or indeed Arsenal football club.
"It's just it was getting far too much and I thought it was getting ridiculous and that's why I stepped away from it."
