Barcelona vice-president Josep Maria Bartomeu believes the club's £35million acquisition of Cesc Fabregas was 'a very good deal'.
The 24-year-old completed his protracted return to his boyhood team last month - eight years after leaving to sign for the Gunners as a teenager in 2003 - and has made an impressive start to life back in Catalonia.
He scored a stunning goal in the European Super Cup against Porto and also netted against Villarreal on his Primera Division debut, prompting Bartomeu to observe that the World Cup winner's real valuation is closer to the £52.5m Arsenal initially demanded.
"The transfer of Cesc was a very good deal for us.
"His real price was what Arsenal initially asked - at least 60m euros.
"The fact that we announced in advance that we would only spend 45m euros this summer worked to our advantage. Clubs were already aware of our position," Bartomeu said.