The Italian side have been consistently linked with a move for the Argentina international over the last few months.
Market forces: Inter claim they simply can't afford Tevez (left)
But sporting director Marco Branca told BBC Sport: 'Tevez is a great player, a great character, but absolutely no.
'His salary means it is out of the question. The market is crazy at the moment and it is hard to compete.'
Branca says Inter are revising their wage bill ahead of Uefa's financial fair play regulations, which come into force in 2012/13 and require clubs to balance their books if they are to compete in Europe.
Tevez, 27, submitted a transfer request at Eastlands in December and was widely expected to leave this summer.
While Branca admits he is a big admirer of the Argentine, he says there is just no way that Inter can afford him.
'He is a great player but a move forhim is out of the question,' said Branca, who is responsible for recruitment at the Italian side. 'We have to organise our finances for the financial fair play rules in the next two years.
'We don't have the same revenues from merchandise and match day as the English sides. We are looking for younger players now with great talent, who we can develop.'
Italian job: Branca (left) is on the hunt for young talent and a new manager after departure of Leonardo (right)
Branca admits Inter have been priced out of deals for other players.
'Take [Udinese winger] Alexis Sanchez, a player we liked,' he said. 'Manchester City raised their bid for him to 35m euros plus a bonus, which ruled us out of the race.
'In the end, the player preferred to go to Barcelona and they got him for 28m euros and a 10m euros bonus. Not many clubs can afford that.'
Inter are currently looking for a new manager after caretaker boss Leonardo announced he was leaving to join French club Paris St Germain last week.
Branca refused to discuss specific names but said: 'We hope to make a decision on the new manager within days.'
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Source: Daily Mail
Source: Daily Mail