The striker was the subject of several bids from Tottenham, but there was to be no move for the Baggies star.
Transfer deadline day threw a series of curveballs in relation to the future of the 22-year-old, who has been the subject of significant interest from the Londoners for much of the summer, according to Sky Sports.
And it left the Baggies with an unhappy player to deal with, and Spurs short in attack at the end of the transfer window.
"We have a key player who has been very unsettled by antics which were designed to get him out of our club cheaply," Peace said on the West Brom site.
"Those tactics have continued despite my making our position clear in my first conversation with Daniel Levy on this subject in mid-August.
“I said selling Saido so late in the window was not on our agenda.
“Tottenham’s offers failed substantially to reflect Saido’s true value while the timing made no allowance for our own recruitment of a suitable replacement for a proven Premier League goalscorer.
“Saido has been unsettled to the point where our Head Coach has not felt able to select him for our last three games.
“We are now left with the task of repairing the damage created by this unfortunate episode.”
The Londoners made more than one bid for the forward earlier on in the window, all of which were publicly batted away by Baggies supremo Peace, with other reports such as this from Sky Sports stating that they failed to meet the Midland side's asking price.
But things kicked up a notch with third and fourth bids by Spurs for the player on deadline day, which were again dismissed by the Hawthorns outfit. Berahino then followed up by seemingly tweeting that he wouldn't play for the club while Peace was chairman.
Sad how i cant say exactly how the club has treated me but i can officially say i will never play Jeremy Peace.— Saido Berahino (@SBerahino) September 1, 2015
Essentially, all parties were disappointed at what occurred, with Spurs and Berahino failing to secure the move they wanted, and West Brom disappointed at where that left one of their most talented and highly prized assets.
Though there looks like being bad blood between nearly all parties, it will certainly be interesting to see what happens to the player, and whether half a season in the wilderness beckons.