Moyes had been prepared to fork out a whopping £80m on the Uruguayan.
Premier League champions Manchester United have suffered a huge blow after it emerged that brilliant Paris Saint-Germain frontman Edinson Cavani has now decided not to move to Old Trafford at the end of the season after all, according to exclusive reports in the Daily Star.
SEE ALSO: The top 10 best Manchester United signings
The Red Devils have been keeping a close eye on the prolific Uruguay international for some time now as new head coach David Moyes looks to radically rebuild the first-team squad at the Theatre of Dreams.
And the Scot had been confident of doing a deal for the 27-year-old after rumours began to circulate recently suggesting that the player was unhappy with life with the Ligue 1 champions.
However, a source close to Cavani has now told Starsport: “He is well aware of United’s interest in him and at one stage this might have seemed like an attractive proposal.
“But the fact is Manchester United can no longer offer him the standard of football he wants or thinks he deserves.
“The club is going through huge changes and he doesn’t feel the time is right to even consider going to Old Trafford.”