Donny van de Beek's agent has confirmed how Covid-19 interrupted Arsenal's bid to sign the Dutchman.
Manchester United have signed the 23-year-old after agreeing a fee of £36.5m plus £4m in add-ons.
The Netherlands international has put pen to paper on a five-year contract and becomes Ole Gunnar Solskjaer's first transfer of the summer.
The United coach is keen on landing three players this summer - a creative midfielder, a central defender and a right-winger.
But another club interested were Arsenal, though Van de Beek's agent Sjaat Swart has cleared up the situation.
“Manchester United is certainly the right choice,” he told Ajax Showtime.
“There were more clubs with interest, such as Real Madrid, Barcelona, Juventus and Arsenal. There were six in total, but it all came to an end because of the coronavirus.”
Van de Beek's father-in-law is Arsenal legend Dennis Bergkamp but a move to the Emirates looked unlikely as a result of their finances.
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“Yes, [Arsenal] really wanted him,” Swart added.
“But they just couldn’t get the money for a transfer. Even the biggest clubs struggle. Arsenal is a great club, but Manchester United will certainly be an interesting adventure.
“It was already a regular matter in March that he would go to Madrid, but because of the virus, all of that has been postponed.
“Clubs have no income, and they could not sell players. Ultimately, Manchester United pushed through, and that is, of course, a very nice club.”
Solskjaer has been desperate for some transfer business after a number of dead ends.
Jack Grealish was his top target in midfield but Aston Villa wanted a fee of around £80m.
And though the deal for Jadon Sancho is not completely over, United are frustrated by Borussia Dortmund's efforts.
They have told the Red Devils that he will not leave this summer for anything less than £110m, which is out of Ed Woodward's price range.
Furthermore, their attempts to negotiate have been met with irritation with Dortmund refusing to directly talk to club chiefs.
Instead, a number of intermediaries have been hired to handle talks - adding up the finances on a deal that is looking like it will not be pulled off.