Manchester: Corinthians have announced the end to negotiations for the transfer of Manchester City's Carlos Tevez, according to the club's official website.
Despite City manager Roberto Mancini claiming that a deal reportedly worth around 40 million euros had been made on Monday, a formal statement from Corinthians has now confirmed that the transfer has fallen through.
Corinthians director of football Edu Gasper previously said that a deal was likely to be completed on Monday, however with the Brazilian transfer window closing on July 20, a finalised agreement has been deemed impossible.
"The director of Sport Club Corinthians Paulista comes forward officially to communicate the impossibility of the signing of Argentinian forward Carlos Tevez," the statement read.
"While recognising Manchester City's efforts and those of everyone involved, there's no more time for the signing to be finalised, considering that the window to sign players from abroad ends on Wednesday, July 20."
A major issue with negotiations is said to have been the structure of the 40 million euros deal, with Corinthians opting for installments which were not accepted by Manchester City.
The Eastlands outfit, meanwhile, will look to continue to strengthen their current squad, with manager Mancini revealing he expects an official bid for Atletico Madrid's Sergio Aguero to be made within the next few days.
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