The Corriere della Sera newspaper insists Saudi investment fund PIF, fresh from purchasing Newcastle United, had been interested in an Inter takeover, but that is no longer a priority.
There had been reports in Libero newspaper of talks at an advanced stage between current owners Suning and the Saudi fund.
They paid €350m to buy 80 per cent of Newcastle United shares from Mike Ashley and Inter would cost closer to €1bn.
In an updated report, the Corriere della Sera notes that there had indeed been negotiations with PIF, but these were several months ago.
In the meantime, a great deal has changed, because Suning brought in a €275m loan from Oaktree, while PIF completed the takeover of Newcastle United, which at the time had been blocked by the Premier League due to a TV rights dispute.
Having said that, the Corriere della Sera also notes that Suning are not out of the woods yet, as record losses continue to pile up and they have three years to repay that Oaktree loan at 10 per cent interest.
The issue could therefore be discussed again soon, although right now Inter do not represent a priority for PIF.
It is suggested Suning want to keep hold of Inter at least until the new stadium is given the go-ahead, but with Italian red tape, that could be several years away.