Manchester United confirmed on Saturday that Carlos Tevez is to leave Old Trafford.
United chief executive David Gill had been in discussions with Tevez's advisor Kia Joorabchian, with the aim of keeping the popular Argentina star.
But, despite the offer of a lucrative five-year contract that would have made Tevez one of the highest paid players at the club, the South American has decided to leave.
"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," said a statement released by United on Saturday morning.
"The club agreed to pay the option price of ¦pound;25.5million 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."