Reds refuse to deliver a “mountain of cash”.
Sevilla president Ramon Rodriguez Verdejo has insisted that Alberto Moreno will not be moving to Liverpool this summer after transfer talks reached an impasse.
Moreno, 21, was identified by Reds boss Brendan Rodgers as a top summer target, but the Anfield club have been unable to agree a fee for the Spanish left-back.
Sevilla sold Croatian playmaker Ivan Rakitic to Barcelona earlier this month and that deal has eased the financial pressure on Los Rojiblancos.
As a result, Verdejo seems unwilling to budge on his £18m asking price for the player – a figure that Liverpool cannot agree with.
Moreno has four years left to run on his current contract in Seville.
Verdejo is realistic and admits that he could still be sold this summer, but only for a “mountain of cash”.
He told El Correo del Andalusia: “The matter of Alberto is practically settled. We couldn’t reach an agreement and I don’t think it can be revived.
“It was great offer, but the player is only 21 years old and it’s possible that the catharsis of being with the national team had a positive effect.
“He has a lot of room to grow and the coach is very happy to have him. I don’t think we’ll make a lot of moves, but if on August 14 a club comes along and they give you a mountain of cash, well, I know you don’t like to hear it, but we are economic managers.
“My feeling is that the negotiations are paralysed and I don’t see any hint that they will be restarted. We put a price on our players which we believe to be appropriate. Whoever wants to buy, can buy, and if you can’t.
“Also, with the sale of Rakitic, our needs were covered. We don’t have the burden we had at other times.”
Moreno played 29 La Liga games last season, helping Sevilla finish fifth in the table.
He also made 10 appearances in the Europa League, which Sevilla won by beating Benfica on penalties in the final.