Newcastle United manager Sam Allardyce has defended his club's actions over the collapse of England midfielder Kieron Dyer's transfer to West Ham United.
Dyer had seemed set to head to Upton Park after family reasons caused him to seek a move away from St James' Park, only for the Magpies to pull the plug after the player had agreed personal terms and passed a medical.
Despite his club upping Dyer's value at the last moment, Allaryce is standing by the eleventh hour change of heart.
He said: "In the end, we decided he was undervalued. We escalated the valuation to what we thought was realistic and West Ham did not want to roll with it.
"Kieron is back with us, a top player with a squad who are growing. Will it be difficult for Kieron? It's life, isn't it?
"He has got a contract. You sign it. The length of the contract means you are employed by an employer, something happens, it doesn't work, you come back and get on with it.
"If anything else happens in terms of West Ham increasing their offer, then great. If they don't then clearly they don't value him as highly as we do."
Hammers manager Alan Curbishley had earlier fumed: "We made an offer, had it accepted, agreed personal terms and the player passed a medical.
"But it was pulled at the eleventh hour by Newcastle and there's not much we can do about that. It has never happened to me before.
"We are disappointed and the player is very disappointed, but it's definitely off."