Athletico Madrid's Diego Forlan is ready to snub a move to Tottenham Hotspur by joining a Serie A club, reports La Gazzetta dello Sport.
The 31-year-old has been constantly linked with a move back to England since the North London side made a bid for his services in the January transfer window.
But asked if he would consider a move to Italy, Forlan said he wouldn't rule it out.
"I do not exclude that in the future, if a good offer came to me and the club, a proposal that was not only suitable economically but also from the perspective that it was an important club, [then] I would accept," he said.
The news will come as a blow to manager Harry Redknapp, who is still keen to sign the Uruguayan striker, who won the Golden Ball at the 2010 World Cup in South Africa.
Rumours had it that Spurs would be offered Forlan and teammate Sergio Aguero in a £40 million deal, as Redknapp moves to replace Roman Pavlyuchenko and Robbie Keane who are expected to move on this summer.
It's unclear where Forlan, who was also linked with a move to Russian side Terek Grosny, prefers, but if the White Hart Lane club can provide Champions League football and convince Forlan they can contend for the Barclays Premier League title, something his current club Madrid can't, the chances of securing the 31-year-old's signature will be greatly improved.