Saudi fund PIF have not made any new progress in their attempts to buy Inter from Suning, according to CBS journalist Ben Jacobs.

Reporting in a Twitter thread, Jacobs emphasized that while there is interest in acquiring the Nerazzurri from the PIF, there are no new talks with the current owners.

Reports emerged a few weeks ago that the PIF were close to completing the purchase of Inter from Suning, not long after they had secured their takeover of Premier League club Newcastle United.

However, denials of these reports quickly followed and no developments have come out since, with Suning maintaining their ownership.

Earlier today Italian journalist Marco Barzaghi stated that he believes that the PIF have reignited their interest and that negotiations have made news progress.

However, Jacobs reports that this is not in fact the case and that the situation is as it has been over the past few months.

“My understanding with Inter and PIF is the parties are not in any ‘new’ advanced talks,” he stated.

“There has been on-off contact for over a year about both minority and majority investment. PIF do want other clubs eventually, but their focus is on Newcastle for now.”

He went on that “The parties did talk in September, crucially before the Newcastle deal suddenly went through. In the short term, I see PIF wanting a commercial partnership with Inter rather than owning the club.”

“But Suning may be forced to sell, & PIF are certainly opportunistic investors,” Jacobs continued.

“Yet unless Suning drop their price significantly I don’t see PIF either investing or taking over.

“There is a lot of excitement amongst fans and conflicting info about whether Suning even wish to sell.”

“But senior PIF sources are playing down their interest in Inter. €1 billionn is a high price to pay and PIF don’t invest for vanity but value,” he concluded.