Blues counterpart Roberto Martinez accused Moyes of lacking respect for Everton by lodging a bid so far below the accepted value of the pair.
However, Moyes insists he remains on good terms with his old chairman Bill Kenwright and that he had never disrespected the Merseyside outfit.
"There's a mixed market at the moment," said Moyes. "Nobody's quite sure where the price is just now.
"We've had offers for players which we think are quite small. I can see where other clubs might be thinking there's not enough value for their players as well.
"I definitely (have sympathy for Martinez). But I also know if I had been Everton manager and Sir Alex (Ferguson) had come asking for Baines and Fellaini I'd have found it very difficult to keep them.
"I always thought the right thing to do was the right thing for players.
"Roberto is new in his job and I'm sure he'll get to understand how Everton work.
"I respect Everton greatly and speak with Bill Kenwright most weeks.
"Of course taking their players is going to affect them but there is not any disrespect whatsoever because we didn't make the offer public."
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