"Corinthians" and "Man City" have not yet reached an agreement © EuroFootball.com

San Paulo denies rumors that they have reached an agreement with Manchester City regarding the price of Carlos Tevez.

On Sunday, the manager of the English team, Roberto Mancini, publicly stated that the value of the deal has been agreed upon, so it is now up to the Argentine to settle the personal contract terms.

"We want to make it clear that 'Man City' did not accept our offer," Corinthians announced. "We have received their response and will consider it."

The last offer from San Paulo club was for 45 million euros. According to "The Times," "Man City" would be satisfied with this amount, but they want to make sure that the Brazilian team is capable of paying it.