Paris Saint-Germain have rejected a €190 million offer from Barcelona that would see Neymar return to Nou Camp on a loan, sources have told ESPN FC.
Barca offered an upfront sum of €40m cash for the loan with a future obligation of €150m to permanently sign the Brazilian star from the French champions next summer, sources have said.
Another source close to the negotiation told ESPN FC that Barca's offer was indeed rejected, but claimed that the offer only reached €170m, and was for a two-year loan with an option to permanently sign after each year.
Sources had told ESPN on Monday that PSG were going to reject the La Liga side's offer whenever it came through, and it appears that has been the case.
There is also the belief in Paris that Barcelona will not be able to pay the transfer fee in one lump sum next summer should they make the move permanent and would ask to pay in annual installments, which is not ideal for the French club.
PSG sporting director Leonardo is trying to get as much money in cash as possible for Neymar, hoping to recoup at least €200m.
Sources say Neymar is trying to stay positive but he knows that a deal to see him returning to the Camp Nou is getting more and more difficult.