Manchester City have pulled out of the race to sign Alexis Sanchez of Udinese, says boss Roberto Mancini.
The Premiership giants are understood to have offered around €40m for the player, but the Stadio Friuli outfit are hoping to get closer to €50m.
"I have spoken to Sanchez and he told me that he was available to join us," Mancini said to Sky Sport Italia.
"However, we then ended our interest. We pulled out of the race to sign the Chilean after our last offer was tabled."
Mancini now claims City will look elsewhere, as well as confirming that Carlos Tevez would not be heading to Serie A.
"Tevez is a good player and I believe he is staying at City," he added. "I have three attackers, but we do need another one.
"Could that be Napoli's Ezequiel Lavezzi? I like him a lot, but I don't believe he is worth his €30m release fee."
The former Sampdoria forward was also asked about his future and a possible return to the peninsula.
"It's too soon to come back," he added. "Life is quite good in England. I don't miss Italian football, I watch that on TV, I miss Italy.
"I spent four years at Inter and I did what I had to there. Milan? At this moment no, but who knows in the future?
"Was I close to Juventus? Never. There are a lot of meetings all of the time, but never anything concrete."