AC Milan are willing to sell former European Footballer of the Year Ronaldinho for £6.8m.
The Brazil playmaker has six months remaining of his contract at the San Siro.
Gremio were reportedly keen to bring the former Barcelona and Paris St Germain star back to the club where he first started his career.
The Porto Alegre outfit believed they would be able to secure the 30-year-old on a free transfer in January.
However, Rossoneri vice-president Adriano Galliani has insisted Ronaldinho will not be leaving unless their valuation is met.
"Whoever wants Ronaldinho has to pay eight million euros," said Galliani after meeting with the player's agent.
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