The Old Trafford outfit announced on Saturday that the Argentina international would be leaving the club this summer following a two-year loan spell, despite desperate pleas from fans for the dimuntive forward to stay.
United also revealed that they had agreed to pay £25.5 million to secure Tevez's services on a permanent basis, as well as offering the front-man a five-year contract.
But the former West Ham man has decided to turn down the offer, with the Red Devils' city rivals Manchester City and FA Cup winners Chelsea believed to be the remaining two sides in contention to sign the striker.
"When Man United made their offer about ten days ago, for the first time in two years, we never went back to them to ask about money," Tevez's representitive Kia Joorabchian told Sky Sports News.
"We just asked for some time to think about it. Obviously they have had two years to think about it and Carlos had to make a decision based on his family.
"Just to make it clear, this has been Carlos' decision. Nobody else would make this decision for him.
"We didn't actually reject the offer. Manchester United have ruled themselves out of the running.
"We actually asked for more time and if they could not give that we would have to walk away.
"He wants time to digest it and to know which club would suit him because now he is committing the next five years of his future."
NEWS: Tevez chooses to leave champions
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