It was assumed that City would be able to sign the defender after Liverpool seemingly ended all interest in the player after Southampton were unhappy with their approach, but according to the Mirror, they are not prepared to meet that valuation.
We apologise to the owner, board of directors and fans of Southampton for any misunderstanding regarding Virgil van Dijk.
Earlier this week, Liverpool were forced to issue an official apology to their Premier League rivals after details of Jurgen Klopp's meeting with the Dutch centre-back were leaked.
Van Dijk has become an important player for the Saints following his arrival in 2015 and is being tipped to make a summer move to one of the Premier League's elite clubs.
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But the concern from developers may be the loss of control over when, or how often, that prompt is presented. In the few months since its introduction, adoption of Apple's review prompt API has been slow.
Despite Liverpool's public statement, reports have continued to link Van Dijk with a switch to Anfield in the coming weeks.
And Pearce believes the mega-money transfer to Liverpool is still on the cards.
That is never happening and by holding talks with the player, sending him video clips of how he will fit into their team and doing this all without the permission of Southampton, there is no way he will be sold to Liverpool at this stage. The centre-back is entering the final year of his contract.
The report claims that Southampton's hierarchy are "more determined than ever" to keep hold of Van Dijk and will only allow the Dutchman to leave if a significantly large offer is received. Even if the way he was convinced was illegal and has landed the Reds in hot water, there is no denying van Dijk's desire to play for Klopp.