Real Madrid sports chief Pedja Mijatovic has explained their failure to land Valencia striker David Villa and Villarreal midfielder Santi Cazorla in the summer.
On Villa, Mijatovic said: "We made an offer to Valencia because we liked him. Valencia made a counteroffer to us which made us believe there was no point and that is why we withdrew."
Regarding Cazorla, Mijatovic insisted: "We are a club that does not want to be in conflict with any other. So we refused to pay his buyout clause. We will not go crazy, no matter how much we like the player."