Hamburg chairman Carl Edgar Jarchow has claimed that the club cannot afford Tottenham Hotspur midfielder Rafael van der Vaart.
The Dutchman was strongly linked with a switch to the Bundesliga following Hamburg coach Thorsten Fink's comments that the playmaker was an "ideal" signing for the club.
Despite initial interest in the 29-year-old, Jarchow told Bild: "We cannot finance a move for Rafael van der Vaart."
The former Real Madrid midfielder recently claimed that he will "probably" stay at White Hart Lane.