The PSG President has rubbished any rumours of Angel Di Maria joining the club claiming the Argentine is too expensive.
President Nasser Al-Khelaifi announced at the unveiling of £50 million signing David Luiz that they would not be pursuing Di Maria because the fee is too much.
PSG were previously favourites to sign the Real Madrid player who has proved key for club and country over the past year, but wants away from the Bernabeu for first team football.
Al-Khelaifi made it brutally clear that Di Maria would not be joining the richest club in the world this summer.
Speaking at Luiz's unveiling he said: "We spoke with Real Madrid about the possibility of signing Angel Di Maria, but it was too expensive."
It is believed that a deal for the World Cup runner-up would be in the excess of £50 million and with PSG already having problems with UEFA's Financial Fair Play they cannot afford another mega-money deal.
Di Maria has made it clear he wants away from Real Madrid with competition for places ever increasing.
Madrid have a host of house hold names including the likes of Ronaldo, Bale, Rodriguez and it is believed that Di Maria wants guaranteed first team football.
According to a number of reports, Carlo Ancelotti tried to convince the unhappy star to stay but the midfielder told his boss "sorry but I'm leaving."
Rumours have linked Di Maria with a switch to Manchester United to join their transformation under new boss Louis Van Gaal, but it appeared PSG were almost certain to secure the players signature.
With PSG dropping out of the race, United may make a move for the player but may be put off by his price tag and wages.
Van Gaal already has a number of attacking options and may want to focus his recruitment on a central midfielder and a centre back rather than another forward player.
This leaves Di Maria with few options but he's clearly a world class player and if he chooses to force a move I'm almost certain a top club will come in for him.
Despite this, Di Maria may well choose to back track on his initial plea to leave the club with his favoured club now out of the bidding and decide to stay and fight for his place at arguably the biggest club in the world.