AC Milan vice-president Adriano Galliani has confirmed the Serie A club have given up their interest in signing Manchester City striker Carlos Tevez during the January transfer window.
Tevez now appears likely to stay at City for the forseeable future after negotiations with Milan over a potential loan deal broke down. Galliani stated earlier this week that should they fail to acquire Tevez they would instead sign Maxi Lopez, and on Friday they registered the former Catania striker's signing with the Italian league.
Galliani then confirmed that the Serie A champions would not be signing Tevez. He told Milan Channel the club had set a deadline of 7pm local time for a final decision.
"At 18:30 I was convinced we were very close to sealing the Tevez deal. I did my best, it was a day where I had my heart in my mouth, but no more could be done. We had everything set for Tevez to come, but the situation changed."
However, Galliani admitted it did not spell an end to Milan's interest in Tevez in the future.
"Who knows with Carlitos - there is only a few months (until the summer transfer window) and that's it.
"I'm happy with how we are left with City, we have a very good relationship. Today was still very important because we have solved some misunderstandings of recent days with City, relations are much improved.
"But, patience, life goes on. The market will reopen in four months, we'll see."
Milan's city rivals Inter as well as Ligue 1 side Paris St Germain had also been linked but withdrew their interest and for Tevez it would appear he has no way out of the Etihad Stadium this month with the transfer window drawing to a close.
That fact was underlined by Tevez's advisor Kia Joorabchian, when he said in an interview with talkSPORT that his client could remain at City until the next transfer window.
"We've been in negotiations with three big clubs," said Joorabchian. "I don't think anyone has reached the numbers City were hoping for. At the moment it looks like Carlos will remain at City until this summer."
Galliani however welcomed Lopez to the San Siro after the Argentinian arrived on loan from Catania.
"With Maxi I kept my word: we had a deadline of 7pm today, and since we had not reached an agreement with City we have filed Lopez's signing with the league.
"He is a very important player. We can use him in the Champions League."