Depay ended his miserable time at Manchester United with a £15million move to Lyon on Friday.
It came after one-and-a-half disappointing years at Old Trafford.
When the 22-year-old first arrived from PSV Eindhoven he was touted as the next Cristiano Ronaldo.
Memphis Depay nearly joined PSG instead of Lyon
Man United fans say goodbye to Memphis Depay on Twitter after Lyon move
Fri, January 20, 2017
Memphis Depay has completed a move to Lyon potentially worth £21.7m, and Manchester United fans have taken to Twitter to say goodbye to the Dutch winger
1 of 16
Manchester United fans react on Twitter as Memphis Depay completes his move to Lyon
Memphis Depay endured a frustrating time at Manchester United
But, despite a bright start, he faded into obscurity before being sold to the Ligue 1 side.
United have inserted a buy-back option into Depay's contract in case the winger proves a hit away from the Premier League.
Get Quotes on Home Insurance
However, the Holland international was also wanted by PSG, who outbid Lyon but ultimately lost out.
"They will tell you… we were outbid by Paris' director of football Patrick Kluivert," Aulas said.
Memphis Depay will wear the No 9 shirt at Lyon
"There were several clubs [interested in Memphis]; foreign clubs, Nice – who couldn't offer the same money – and Paris."
Depay was officially unveiled as a Lyon player yesterday.
He will wear the No 9 shirt – having toiled in the famous No 7 shirt during his time at United.