Mark Hughes has confirmed Manchester City could make a third bid for John Terry.
Despite the Blues previous failures, they remain optimistic Terry wishes to join them given the England skipper is said to be unhappy at the failure of Chelsea to sign the high-profile targets they were looking for this summer.
Hughes and chief executive Garry Cook are monitoring the situation at Stamford Bridge and are expecting clarification about Terry's position later this week.
And Hughes, who has been a fan of Terry since his own spell at Chelsea well over a decade ago, admitted he may make another offer for the tough-tackling central defender.
"We made an offer and Chelsea made their view plain, we have to respect that," said Hughes.
"But in the future we may revisit it."
For now, Hughes will concentrate on the first stages of preparations for the new season when City head out to South Africa for a three-match tour.
Despite initial optimism, Emmanuel Adebayor will not be on the trip as talks continue over a £25million move from Arsenal.
The Togo forward has a work permit hearing planned for today, which would provide clearance for him to make the move although, despite furious speculation to the contrary yesterday, he has yet to have a medical.
The fact City are on the brink of pulling off a transfer that would nudge their spending over the last 12 months towards £200million shows the intent at Eastlands.
Although chairman Khaldoon al-Mubarak has previously suggested a top six berth is the target this term, that was before he sanctioned such a vast investment, which has surely raised the bar even higher.
Not that Hughes is too concerned.
Indeed, the City chief is convinced Tevez will be eventually viewed as a bargain buy such is the ability he brings to the squad.
"We had a figure on Carlos, and what we have paid is significantly under that figure," he said.
"We are delighted because we know that to compete at the top level we need players like Carlos to be at this club. Now he is here I am sure he will help with that process.
"His work ethic and desire to have an impact on games is clear every time he goes onto the football field."
Meanwhile, Hughes has confirmed Dutch midfielder Vincent Kompany will be out until September after undergoing surgery to solve a toe problem that kept him on the sidelines at the end of last season.
It leaves the Welshman relieved he brought in Gareth Barry from Aston Villa in the first of his big-money summer moves.
"Vinny was a big factor for us last year," said Hughes.
"To lose him for a significant amount of time at the beginning of the season might have impacted more had we not brought in Gareth."