Had Southampton managed to retain the services of players like Gareth Bale, Theo Walcott, Alex Oxlade-Chamberlain, before refusing Liverpool, Manchester United and Arsenal access to their stars this summer, then they could have been a team capable of not only challenging for but winning the Champions League.
That is the view of Arsene Wenger, who has benefited from the renowned Saints academy by acquiring talents like Walcott in 2006, Oxlade-Chamberlain in 2011 and, most recently, Calum Chambers.
Speaking to the club's official website, Wenger said: "I respect first of all the quality of work they have done because you look at Southampton and you think the team they had last year, plus Walcott, Oxlade-Chamberlain, plus Gareth Bale who come out from there - they could have won the European Cup had they managed to keep everybody together!"
He continued: "But unfortunately the modern game has changed and the smaller clubs with less potential are not in a position anymore to keep their players."
Of course, out of all the players listed on this page, there is one Champions League winner in Bale, who was a fundamental part of Real Madrid's success in their La Decima quest as he netted the vital second goal in the tournament final last season against Atletico Madrid.
Do you agree with Wenger? Do you think Walcott, Oxlade or Chambers will go on to win a Champions League title like Bale?