Il Corriere dello Sport says Juve offered Icardi a six-month contract with the option for another season should they finish in the top four.
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Gala were prepared to do business, though insisted on a €15m fee and also for Juve to pay for the remaining six months of Icardi's contract.
Icardi was keen, as were Juve, but the deal fell through in the early hours of this morning.
The Bianconeri, in the end, were left disappointed with Gala's unwillingness to negotiate terms.