Manchester United have confirmed that Carlos Tevez will leave the club this summer.
United had agreed to pay the asking price for the Argentina star and offered a five-year deal, but Tevez has decided against remaining at Old Trafford.
A club statement read: “Following contact received from Carlos Tevez’s advisors last night, in advance of the deadline the club set for concluding negotiations, Manchester United announces that Carlos will not be signing a new contract with the club.
“The club agreed to pay the option price of £25.5m and offered Carlos a five-year contract which would have made him one of its highest paid players.
“Disappointingly, however, his advisors informed the club that, despite the success he has enjoyed during one of the club’s most successful periods, he does not wish to continue playing for Manchester United.
“The club would like to thank Carlos for his services over the last two seasons and wishes him good luck for the future.”
Chelsea and Manchester City are now thought to be leading the race for Tevez.