Pep Guardiola is reportedly poised to turn down the opportunity to manage the Italian national football team, with significant discrepancies in salary expectations cited as a major obstacle.

The Italian Football Federation (FIGC) has been seeking a new manager since Gennaro Gattuso's resignation in April, following the team's failure to qualify for a third consecutive World Cup. FIGC chief Giovanni Malago had expressed strong interest in Guardiola, even suggesting that financial exceptions would be made to secure his services.

However, according to Italian outlet Gazzetta dello Sport, negotiations have stalled over financial terms. Guardiola is reportedly seeking an annual salary of €20 million (approximately £17 million), while the FIGC's offer is understood to be around €10 million (approximately £8.5 million) per year. This substantial gap has left the two parties far apart.

Despite a meeting between Guardiola and FIGC representatives Paolo Maldini and Leonardo in Barcelona last weekend, there was reportedly little optimism upon their return. Although the FIGC expressed a willingness to invest heavily in their top target, the financial demands appear to be prohibitive.

Guardiola, who spent two seasons playing in Italy with Brescia and Roma and is fluent in the language, was reportedly offered a comprehensive project that would grant him significant control over Italian football. However, he is also understood to be concerned about the commitment required by returning to management immediately after a decade with Manchester City. He had reportedly promised his family a period of living in Barcelona following his departure from England.

Malago had previously commented on the potential pursuit of Guardiola, stating that financial exceptions were being considered but that the deal was far from certain. Other candidates for the role include former Italy manager Roberto Mancini and Azzurri legend Andrea Pirlo. Antonio Conte could also be considered if Guardiola ultimately rejects the offer.

Silvio Baldini, the current Italy Under-21 boss, managed the team on an interim basis during the recent international break. The FIGC is keen to appoint a permanent manager to begin a new cycle following the World Cup.