Manchester City failed in an attempt to sign Valencia striker Rodrigo Moreno during the summer transfer window, newspaper Superdeporte reported on Sunday.
The La Liga club needed money in the summer and when City presented an offer to director general Mateu Alemany for Rodrigo, 26, that could have reached €35million (£31.4million) with variables, it was hard for them to dismiss it.
However, coach Marcelino insisted that the twice-capped Spain international remain, despite financial difficulties at the Mestalla that meant they were unable to fund a permanent deal for City defender Eliaquim Mangala following his loan spell.
Valencia bowed to the wishes of their highly-rated head coach and Rodrigo, who would have been a replacement for Kelechi Iheanacho had he moved to the Etihad, stayed at the club.
Rodrigo managed only 5 goals in 19 league appearances for Valencia last season, but to date this campaign is showing something closer to his true ability with 4 goals in 6 starts, most recently against Athletic Bilbao.
His early season form also won him a Spain call-up and he found the net in their 3-0 win over Albania on Friday.