Inter have released a statement stating they have decided not to continue talks with Juventus over a possible Fredy Guarin-Mirko Vucinic swap.

A deal between the two sides looked certain to happen on Monday but it appears Inter president Erick Thohir has put an end to talks.

Reports have suggested that Guarin is desperate for the deal to go through, going so far as to call Massimo Moratti in order to convince Thohir to have the deal go through but those attempts seem to have been in vain.

“FC Internazionale has decided not to continue negotiations with Juventus regarding the transfer of Fredy Guarin and Mirko Vucinic,” the statement read.

“President Thohir, having conferred with Massimo Moratti and the club’s management team, did not feel that the necessary technical and financial conditions were in place to come to a satisfactory agreement.

“The president has already instructed the club’s sporting directors to assess other transfer opportunities, with the aim of strengthening the team while respecting the parameters imposed by the Financial Fair Play rules.”

Follow Adriano Boin on Twitter: @Boin44