Bologna attacker Gaston Ramirez has rejected an approach from Tottenham after the being offered unsatisfactory wages, the player's agent has confirmed.
According to the Uruguay international's representative, Spurs are the only side to have made a concrete offer although he did acknowledge that there have been talks with Liverpool.
Despite Ramirez's decision to reject a move to north London, Oscar Betancourt did keep the door open for a future switch, suggesting that the sale of Real Madrid target Luka Modric could fund a move.
"The only solid offer is the one from Tottenham, who offered 16 million euros," Betancourt told Calciomercato. "But the deal didn't go through because Spurs offered too low a wage to the player and if the wage difference is minimal he would stay at Bologna.
"Tottenham could raise their offer if they sell Modric and in that case the deal could be done, otherwise Ramirez will stay another year at Bologna. We also talked with Liverpool but nothing more.
"Inter? They are interested in the player, but can't afford a cash offer similar to the English clubs. Nerazzurri would wish to include some players in the deal, but Bologna only wants cash, also because of the arrangement with Penarol [Ramirez's former club] who receive a percentage if the player is sold."