Alvaro Negredo
Negredo is likely to remain at Sevilla, club president confirms. (Reuters)

West Ham United & Tottenham Hotspur's hopes of signing Sevilla striker Alvaro Negredo have been all but ended after the club insisted they do not have to sell anyone else this summer.

The Spain international has been one of La Liga's most consistent goal scorers over the past five years, finishing last season with an impressive haul of 25 goals in his 36 league appearances.

The 27-year-old has previously indicated that he would like to experience football in the Premier League one day, with West Ham offering him that chance last month by lodging a £14.5m bid for his services, an offer that was swiftly turned down by Sevilla's club president Jose Maria del Nido.

Tottenham have also been credited with interest as they seek to add to their blunt striking options but the London clubs will have to look elsewhere after Sevilla resolved the financial woes by cashing in on their other sought after talents.

"He is not going to leave for a price which we ourselves do not set," del Nido said, ESPN report, after meeting with his Atletico Madrid counterpart Angel Gil Marin, whose club are also in the running for the striker as the bid to replace Radamel Falcao.

"The other day I had dinner with Gil Marin and we spoke about that possibly and others, other players who might be interesting, but I see the possibility of Negredo leaving Sevilla very far away at the moment."

The Sevilla chief admitted in April that the club's precarious financial predicament would force them to sell their most prized assets. But following the sales of Jesus Navas to Manchester City, Luis Alberto to Liverpool and Antonio Luna to Aston Villa for a combined fee of approximately £30m and with Geoffrey Kondogbia possibly next to leave, the club now find themselves in a much safer position.

"Now we have no budgetary requirement that forces us to sell, so for Negredo, he will only leave if an important offer arrives."