Sirigu has been linked with the Marassi outfit after he turned down the offer of a new contract in Sicily.
"I spoke with Palermo director Sean Sogliano about him by offering Eduardo in exchange, but he tuned that down.
"At the moment there are no more channels for the talks to open again."
Palermo have offered the 'keeper a new deal which would see his current 250,000 a season wages double.
Sirigu has turned that offer down.