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Dos Santos wants to leave Tottenham this month after failing to break in to Harry Redknapp's first-team plans following his return from a loan spell at Racing Santander.
Villarreal and Granada both claim to have lodged bids to sign the 22-year-old and it had been suggested that Sevilla could re-ignite their interest in the player.
The 2006 UEFA Cup winners failed in a bid to sign the Mexico international last summer, but will not be returning with another bid, according to club president Jose Maria del Nido.
"(Tottenham wanted) an exorbitant amount for him," he was quoted as saying on AS.com.
"In the end they were asking for 6.5million Euros (£5.4million)."
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