A host of Premier League clubs look set to see their pursuit of Malaga’s Isco end in disappointment after his club confirmed he was on course to sign a contract extension.

Isco’s brilliant form this season has not only earned him a place on the shortlist for the Golden Boy award – a prize handed out by Italian publication Tuttosport to the best player in Europe under 21 –but also the attention of some of Europe’s biggest clubs.

Manchester United are said to be keen on securing the services of the young Spaniard, along with rivals Manchester City.

Arsenal and Liverpool have also been credited with an interest in him along with Tottenham, but it is believed the Red Devils and the Citizens were leading the pack from their league rivals.

Reports last month suggested Manchester City were on the verge of launching a £30 million bid for the 20-year-old, who had caught the eye of newly appointed director of football Txiki Begiristain.

However it appears as though both Sir Alex Ferguson and Roberto Mancini will both miss out on landing their man after Malaga sporting director Mario Husillos confirmed he is on course to sign a new deal to keep him in Spain.

"Talks for renewal [of his contract] are still on track,” he told Malaga Hoy.

"The boy wants to stay at the club because it is clear that this is best for his development. Isco is intelligent and young and hasn't played that many La Liga matches."

Husillos also revealed that when the time comes for Isco to move on, he will likely snub a move to Manchester United, Manchester City or indeed any of his Premier League suitors and head to either Barcelona or Real Madrid.

“He will soon be in the Spanish national team and that will be the ideal time to exit,” he commented.

“If in two or three years Real Madrid or Barcelona show their interest we will all understand that this is a step forward."

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