Galatasaray have withdrawn from the race to sign Manchester United striker Robin van Persie due to the finance details surrounding the deal.

The 20-time Turkish champions had confirmed their interest in signing the Netherlands international, who is out of contract in the summer of 2016.

But the club have been forced to hastily pull out of a prospective deal after learning of United and van Persie's demands, which exceed their budget this summer.

"Robin van Persie is not on our agenda," coach Hamza Hamzaoglu told Spor 3. "The costs are very high. This year, we will be a little more careful."

Last summer, Galatasaray signed seven new players including Goran Pandev on a free from Napoli, however they want to keep costs down this summer by reducing their investment in the transfer market.

Van Persie has delivered mixed messages over his United future after a campaign dominated by injury and a lack of form. Radamel Falcao has returned to Monaco after a season-long loan spell at the club but van Persie's future appears no more secure.

Speaking on his contract on 15 June, van Persie said: "Am I worried? No, I'm totally relaxed. I have a contract with this club until 2016. Things could change now, but that all depends on Manchester United not me. Believe me, I'm relaxed – I'm not going to be part of a puppet show."

Lazio had also been linked with van Persie, however the Italian giants have also ruled out a move due to finances which are quickly proving to be a stumbling block in the deal.

"I can only say that I respect van Persie as a striker, but unfortunately he is outside of our parameters," Lazio's Igil Tare told Lazio Style Radio. "There was never any meeting."