Newcastle boss Alan Pardew said the club did all it could to bring France striker Loic Remy to St James' Park.
The 26-year-old joined Barclays Premier League bottom side QPR on Wednesday after the Magpies had led the way in the race to secure the frontman's signature.
"It was a little strange as we had obviously put a lot of work in and made the club an offer that was accepted, a good offer," Pardew said.
"We made a fantastic offer to the player and then he didn't arrive. This club is on a financial footing that is strong, but we're still not going to pay silly money.
"We're going to pay what is correct and that is what we offered.
"We made a fantastic offer, a fantastic Premiership offer to that player - trust me.
"I don't really want to criticise the player. The player makes the decision and he stands by it. I don't really have anything else to say on it."