Brazilian side Palmeiras have slipped out of the running to sign 32-year-old Inter goalkeeper Julio Cesar.
“Inter offered him to us, but we can’t even start negotiations because he would be too expensive,” Vice-President Roberto Frizzo noted.
“I didn’t even talk to the President about him, but I did speak with Coach Luiz Felipe Scolari and he told me that we didn’t need him.”
The cost of signing Cesar, in terms of a transfer fee and his wages before tax, come to around €20m.
A move back to his native Brazil is also complicated by the imminent closure of the transfer market at 19.00 Brazilian time tomorrow.
Inter directors Marco Branca and Piero Ausilio are working hard to find the player a new club after signing Samir Handanovic from Udinese earlier this summer.
Tottenham Hotspur of the Premier League is still a possibility for Cesar, with new Coach Andre Villas-Boas looking to bolster his squad in a push for European football.
Cesar made over 200 appearances for the Nerazzurri between 2006 and 2012,winning a number of trophies including five Scudetti and the 2010 Champions League.