According to Italian broadcaster Sky Sport Italia, via FCInterNews the club have decided to drop their interest in the 27-year-old.
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Inter had two offers turned down for the Nigeria international, with the first being €40 million which they then increased to €45 million including add-ons.
It’s understood that Inter no longer see reinforcing their attack as a priority and will instead look to bolster their midfield.
Lookman remains keen on leaving Atalanta this summer, however, having publicly criticised the club for allegedly breaking promises.