Manchester City manager Roberto Mancini has ruled out a summer swoop for Udinese's in-demand winger Alexis Sanchez.
The Chile international has emerged as one of the hottest properties in European football with a host of clubs all battling for his signature this summer.
City are understood to have tabled the highest bid for the 22-year-old - reported to be in the region of £30million - but Udinese value their prize asset at a staggering £44million.
Barcelona have rivalled the Eastlands outfit's interest in Sanchez and now Mancini has called time on his pursuit of the gifted wide man, despite holding positive initial talks with the player.
Mancini told Sky Italia: "I talked to Sanchez, he said he was willing to come to City.
"But after the last offer we are out of the race for the Chilean player."
Mancini has also had to cope with speculation over the future of two of his key strikers, with Carlos Tevez and Mario Balotelli both linked with moves away from Eastlands.
Argentina international Tevez is still to make a firm decision over his future due to concerns over the time he is spending away from his young family, who are still in South America.
And the talented but temperamental Balotelli, who only arrived from Inter Milan last summer, remains a reported target for AC Milan.
Mancini expects both to remain on his books for the new season and revealed he was looking to bring in a new forward to complement the talents of the duo and Edin Dzeko.
He said: "Tevez is a good player and I think he will remain at City. I have three strikers, we need another one.
"Balotelli to AC Milan? For now, certainly not. In the future you never know."
The assertion of the Italian that he needs attacking options is sure to fuel further rumours over his intended targets, with Napoli striker Ezequiel Lavezzi and Fiorentina winger Alessio Cerci both rumoured to be on his radar.
Mancini claimed that the fee to secure the services of Argentine Lavezzi was prohibitive, but was more coy over a possible move for Cerci.
He added: "Cerci? We have several goals, we are sure to be interested in good and young players.
"I like Lavezzi a lot, but I don't think he is worth the 30million euros of his clause."
The City boss has seen his own future come under scrutiny, but while admitting his misses some aspects of life in his homeland, an immediate return to Italy is not on the cards.
Mancini added: "It's too soon to return to Italy, in England I'm pretty good. I don't miss Italian football, I see it on TV, I miss Italy."