Striker Diego Tristan says his decision to snub Bolton in favour of Real Mallorca was not a financial one.
Tristan has opted for the Balearics above Bolton
Bolton boss Sam Allardyce was keen on Tristan, 30, following his release by Deportivo la Coruna.
Tristan told the Bolton News: "My decision was not influenced by money, today I believe I can still be a success in Spain.
"In the Premiership the money is superior and my head did go to England but my heart decided on Mallorca."
Tristan underwent a medical at Real Mallorca on Wednesday and his signing was expected to be confirmed on Thursday.