Rotherham will turn their attention to other targets after they pulled out of the race to sign Walsall striker Tom Bradshaw.
The Millers were in pole position to sign the 23-year-old, with a £500,000 deal agreed, until the Saddlers hitched up their asking price in the wake of Bradshaw handing in a written transfer request on Wednesday.
While Barnsley were willing to meet that valuation, Rotherham, under the insistence of boss Alan Stubbs, were not and Bradshaw is now set to complete his move to Oakwell on Friday.
That leaves the Millers frustrated in the transfer market after also refusing to give in to Millwall’s demands in their pursuit of Lee Gregory.
“We had been aware of Bradshaw for a while and then heard Barnsley were in for him a couple of weeks ago,” chairman Tony Stewart said.
“We had a bid and that bid was upped. We thought we had the deal bagged and done, but then Walsall came back, said there was a late bidder and would we would increase our offer?
“At that point, you think: ‘Okay, what do we do now?’ I asked the manager if he thought the player was worth more than our last bid and he said ‘no’.
“That was the opinion of the manager and his team and Gee (chief scout, Evans). Other clubs may think differently about what a player is worth and, of course, we respect that.”
On their pursuit of Millwall striker Gregory, Stewart revealed that the club had bid almost four times their club-record fee.
He added: “We offered £1.4 million for Lee Gregory. We started at £900,000 and went to £1.2m and then £1.4m. Still Millwall wanted more. We went back to the manager and his team to see what they thought. The manager said £1.2m should have got him.
“I am a facilitator. I would have gone back, put in higher bids and got those players if the manager had wanted me to, but he told me what their value was in his eyes and we had reached that.
“We like to get what we feel is value for money. It’s great to have a manager who thinks the same and doesn’t just want to spend a chairman’s money for the sake of it.”