Corinthians have issued a statement to clarify that they have not yet agreed a fee with Manchester City for Carlos Tevez, despite suggestions to the contrary from Roberto Mancini.
Mancini claimed during the club's pre-season tour to North America that City "have an agreement with Corinthians" regarding the sale of the Argentina international.
However, Corinthians, who Tevez represented between 2005 and 2006, say the two clubs remain some way apart in discussions over a transfer.
The Brazilian club claim City are still holding out for a higher fee having already rejected an offer of £35 million, and that the Premier League side believe Tevez owes them an outstanding payment.
A statement issued by president Andres Sanchez says there is "nothing concrete" at present.
"Following news reports claiming an arrangement had been reached between Corinthians and striker Carlos Tevez, the president Andres Sanchez is keen to come forward to clarify that Manchester City have not accepted the proposal by Corinthians," a statement on the club's official website read.
"In fact, the club sent a counter-proposal to Corinthians this morning that, due to the time difference, did not reach the attention of the board until now. In the counter-proposal, the Premier League club sought to change the structure of payment and the total value of the transaction. In addition, Manchester City also insist that Tevez gives up a pending amount with the English club.
"Finally, the president Andres Sanchez advises that there is nothing concrete at the current moment with Tevez and that City's counter-proposal will be reviewed by him and his board."
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