Kia Joorabchian is still working on a deal to take Manchester City forward Carlos Tevez to AC Milan and has not been contacted by Inter Milan.
City are keen to part with Tevez this month and Milan have made it clear for some time they would like to take him to Italy.
However, the prospect of a January move has been complicated by the fact that AC Milan want to take him on loan, while City are only interested in selling.
It was claimed earlier this week that Inter had joined the battle to sign the 27-year-old and could be willing to make a permanent offer, but Tevez's advisor Joorabchian has indicated that a switch to AC Milan still looks more likely.
While Inter's technical director, Marco Branca, is understood to have travelled to England to meet Manchester City officials on Thursday, Joorabchian has been holding talks with AC vice-president Adriano Galliani in Rio de Janeiro.
And Joorabchian has told the Italian media that he is hoping to come to an agreement with the Rossoneri rather than Inter.
"We're here (in Rio) to finalise with Milan. We haven't heard from Inter since August," he said.
