Transfer Market Rojiblancos fall short, say La Gazzetta dello Sport

La Liga giants Atletico Madrid may be forced to look elsewhere for a new striker after Inter knocked back a mega bid for Mauro Icardi.

The 23-year-old finished the 2015/16 season as the Serie A's fourth-highest goalscorer with 16 goals from 33 appearances. Only Gonzalo Higuain, Paulo Dybala and Carlos Bacca ended up with more.

Despite being handed the captain's armband by Roberto Mancini, the one-time Argentina international has been linked with a move away from the San Siro outfit this summer, with Premier League giants Arsenal touted as a possible destination.

Icardi has made it clear he wants to remain with the Nerazzurri, and it appears the club share his outlook after turning down an offer of just under €50 million from Atletico Madrid, according to La Gazzetta dello Sport.

The failed bid comes as a big blow for Diego Simeone, who was hoping to reinforce the Rojiblancos' attack after finishing third in La Liga and runners-up in the Champions League.

The Rosario native joined Inter in 2013 and has made 91 league appearances, scoring 47 goals in the process. In addition, Icardi currently has a contract with the club effective until the summer of 2019.