The Bianconeri were reportedly keen on signing the Colombia international but the Bianconeri boss insists that he was not disappointed to see him end up at Manchester United
The Bianconeri were heavily linked with a move for the Colombia international but he instead joined Manchester United on deadline day, with the Premier League outfit reportedly agreeing to pay Monaco over €12 million for the right to take the striker on loan for one season, with the right to buy the player outright next summer.
When asked if he was disappointed by Juve's failure to sign Falcao, Allegri replied: "No, I feel that the directors have worked well.
"The aim was to carry out targeted operations, not to buy just for the sake of buying. Ours was an intelligent transfer market.
"We would have only done something more if we had found a player that would have really lifted the level of the squad.
"Otherwise, buying for the sake of buying is useless. Juventus have already shown themselves to have a very competitive squad."
Coincidentally, United were also reportedly intent on luring Bianconeri midfielder Arturo Vidal to Old Trafford but Allegri insists that there was no chance of the Chilean leaving Turin this summer.
"He was never on the market," the former Milan boss stated. "The club told me from the start that he would stay.
"We have maintained a good squad, with a lot of great acquisitions."
Juve kicked off the defence of their Serie A title with a 1-0 win at Chievo last weekend.