The unsettled Spain international seemed set to follow Jesus Navas to the Etihad Stadium after Atletico Madrid admitted they could not compete financially with the English club, while Tottenham were also thought to be monitoring the situation.
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“There have not been any offers from the Premier League yet, neither from Manchester City nor Tottenham.
“Atletico Madrid withdrew from negotiations over ten days ago."
Negredo scored 25 La Liga goals last season as his side finished a disappointing ninth, and has expressed a desire to leave the Ramon Sanchez Pizjuan in order to play Champions League football.