No Denilson or Bullard for Bolton

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The 31-year-old Denilson, who was out of contract having left Palmeiras last month, had spent some time training with the squad but Megson decided he was not the type of player he needed at the current time.

Megson also revealed he had made an approach for Bullard last week but was priced out of a move after being told by the Cottagers his valuation of the player did not meet their expectations.

Megson has moved on to other targets after deciding he did not want to pay what Fulham were asking for a midfielder they bought for £2.5million from Wigan in 2006.

"I spoke to Alistair Mackintosh last week and got it from the horse's mouth what the position was." said Megson. "I mentioned a figure to him, and he said it wouldn't be acceptable - so we move on.

"There was no point on going any further because there was no common ground, and everything that is going around at the moment is untrue. We have moved on - that happened a week ago."

Of the decision not to sign Denilson, Megson explained he does not think he could fit the player into his plans.

"He wasn't fit, but his class and quality was there for all to see," said Megson. "But there are other parts of his game that we didn't feel we would be able to use to our advantage and would be able to complement everyone else.

"We have spoken with his people and said we won't be going any further.

"He is a fantastic person and didn't come here as a 'big time Charlie'. He mixed in with everyone else - and if anyone rang me up about giving him a reference he'd get nothing but positives."