New York Yankees president Randy Levine says that the team would love to have Robinson Cano back, but won't meet his outlandish contract demands.
The second baseman is free to test the free agency market after he reportedly rejected a five to seven year contract worth around $160m.
Cano is instead pushing for a record breaking deal.
He is demanding a 10-year contract worth $310m. If offered, it would surpass the all-time contract record in Major League Baseball, which is currently held by Alex Rodriguez after he signed a 10-year deal worth $275m with the Yankees with potential for a further $30m in bonuses.
But despite showing a willingness to take contracts to new levels, the Yankees are not prepared to break the $300m barrier for any player - not even Cano and Levine has urged the player to get realistic or risk not getting a new offer from the franchise.
"We want Robbie back; we think Robbie is terrific," Levine told ESPNNewYork.com. "But we have no interest in doing any 10-year deals and no interest in paying $300 million to any player. Until he gets a little more realistic, we have nothing to talk about.''
Cano was reportedly in talks with the New York Mets over a deal, with his agent Jay Z thought to be using the Mets as a way to drive up interest in his client.
Levine continued to say that signing Cano remained a priority but that the team were in talks with other free agents.
He continued: "Signing Robbie is a priority for us. [We are in discussions with] five or six other free agents."
Two of those six are believed to be Jhonny Peralta and Stephen Drew, who could both replace Cano at second base,
Other players thought to be in contact with the Yankees are Jacoby Ellsbury, Shin-Soo Choo and Brian McCann.
"We're very active,'' Levine said. "But whoever we sign has got to make sense for us. We made Robbie a very competitive offer.''