The Sao Paulo giants have decided to cease discussions of a move for the Argentine striker, due to the clubs being unable finalise the deal before Brazil's transfer deadline.
Corinthians have announced the end to negotiations for the transfer of Manchester City's Carlos Tevez.
Despite City manager Roberto Mancini claiming that a deal reportedly worth around €40 million (£35.1m) had been made on Monday, a formal statement from Corinthians has now confirmed that the transfer has fallen through.
Despite City manager Roberto Mancini claiming that a deal reportedly worth around €40 million (£35.1m) 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, but with the Brazilian transfer window closing on July 20, a finalised agreement has been deemed impossible.
A statement on the club's official website reads: "The director of Sport Club Corinthians Paulista comes forward officially to communicate the impossibility of the signing of Argentinian forward Carlos Tevez.
"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 €40m (£35.1m) deal, with Corinthians opting for installments which were not accepted by City.
The Eastlands outfit look set to continue strengthening 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.
Meanwhile, The Mirror report that Mancini is prepared to strip Tevez of the City captaincy after failing to agree a move to Corinthians, with Vincent Kompany favourite to take over.
Source: www.goal.com
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