Pep Guardiola was approached by the Argentinean FA regarding their vacant managerial post, but the Manchester City manager proved far too costly for the South American nation.
On the back of a disappointing showing at World Cup 2018 which delivered a last-16 exit, Jorge Sampaoli agreed to a parting of ways with the Albiceleste.
His departure has left a high-profile post up for grabs, with Pablo Aimar and Lionel Scaloni currently in caretaker charge.
AFA chairman Claudio Tapia told TyC Sports: “We were looking into hiring Guardiola but it is very difficult, you need to have a big wallet!
“We would have had to mortgage the AFA to pay for it, and maybe even then we wouldn’t have got it done.
“We knew it would be expensive, but we did not think it would be that much.”
With Guardiola out of the frame, attention is now switching to other possible targets.
Tapia added: “The only person we have asked about is Guardiola.
“We’re now probably going to talk with Simone, [Marcelo] Gallardo, Pochettino and somebody else that the leaders here have proposed.”