Alex Ferguson said "It's the end of our business," about the possibility on bringing a new player.
But Sir Alex feels that the market is over-inflated and he doesn't want to pay over the odds for players.
"There are some amazing numbers being talked about, not all of them realistic. It is very difficult to get some value now. For example, Real Madrid have spent in excess of 170m pounds for Kaká, Benzema from Lyon and Ronaldo,"added Ferguson.
The Scot thinks United have a good squad, which meant there was no need for knee-jerk reactions.
Michael Owen will be wearing the number seven shirt - after this was vacated by Ronaldo.
Owen is confident that he can still do a good job in a top team like Manchester United, he is hunger of succeed.
"There is no questions that he (Owen) will score a lot of goals for us and he has been great for years and years," said Alex Ferguson.
Carlos Tevez has joined to local rivals Manchester City for several months.
Cristiano Ronaldo will play for Madrid next season and Alex Ferguson said that he has a good relationship with the Portuguese's star.
"He was a fantastic player for us, a good lad and gave us no problems, We wish him the best of luck in Spain," said The Scot.
Source: BBC Sports.
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