Corriere della Sera report that Carlos Bacca has failed to agree personal terms with West Ham United.
The Colombian forward has been linked with a move away from current club Milan throughout this summer’s transfer window, with the Hammers repeatedly said to be interested in taking him to London.
However, the Italian daily claims that although the Rossoneri would be willing to allow their top scorer from last season to leave for €30m, Bacca has so far failed to be persuaded to join the Premier League club.
The report adds that without selling Bacca, Milan would be unable to spend any more than €15m on new players at the moment.
A Chinese consortium took over the club on Friday, providing an initial cash injection of €15m, but an additional €85m is not expected to be made available for some weeks.