Inter Milan have rejected a €25 million bid from Manchester City for striker Mario Balotelli.
City officials, who were in Italy to tie up a deal to sign Aleksandar Kolarov from Lazio, met with their Inter counterparts late on Thursday night but were told to come back with a bigger offer.
However, president Massimo Moratti professes to know nothing of the reported talks between the two clubs.
Inter play Manchester City in friendly on July 31 in Baltimore, USA, and it's thought the deal could be concluded by then.
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