Real Madrid's signing of Gareth Bale was prompted by interest from Manchester United, club president Florentino Perez has revealed.
And Perez has claimed that the deal to sign Bale from Tottenham was "cheap".
Reports in the British media have suggested Real paid around £85million for Bale - a world record transfer fee - while the Spanish press have stated that figure was just short of the £80million Los Blancos paid Man Utd for Cristiano Ronaldo in 2009.
Regardless, Perez insists he did not pay over the odds for the Wales international.
"Bale was cheap," he told Cadena SER.
"The signing of Gareth Bale is the model of Real Madrid, signing the best player in the world at this moment, and that is what I say. All the great players of Real Madrid have been cheap.
"I will not say the amount, but we must not focus too much on the purchase price.
"Some numbers that have come out I find difficult to understand and, if I were a journalist, I would not have reported them."
United had been linked with Bale throughout the summer as manager David Moyes looked to make a marquee signing.
And Perez added: "Tottenham did not want to sell and we respected that. Then, when we found out that Manchester United would be making an offer, we made our own.
"Since his childhood he had the dream of playing for Real Madrid and he asked us to make it possible for him to come."