Fair point, but that, whilst a different method, leads to the same situation you may be in with the bidding war, losing out with no other replacement available, but it does avoid the owner price hicking the player.
It cant be both ways, if a method of getting your player back is to exist, then the buyer will have to lose, out, if the buy back doesnt exist, the owner may lose out from a simple mistake.
For me, I dont think you should have the option to get someone back, you have two chances when placing someone on a transfer list to check the details, if it is stilled messed up, thats simply the managers fault.
Either way, the same position can exist as it is now, but without the ability for owners to interfere in the bidding process for the purpose of explioting more money