Barcelona president Joan Laporta admits they wanted to sign Luis Diaz ahead of Liverpool.
Diaz joined the Reds in January from Porto months out from Laporta election victory.
“Liverpool got ahead of us in the signing of Luis Díaz,” said Laporta.
“We were very interested in him. We even got to talk with his agent, but they already had advanced.
“We were also in an economic restructuring.”