Barcelona president Sandro Rosell has reiterated that he will not "go mad" to sign Arsenal captain Cesc Fabregas and does not think the player would join Real Madrid.
In March, Rosell rejected claims the club could pay €50 million to sign Fabregas and said at the time that his value would have decreased over the last year as his contract runs closer to its conclusion.
Rosell has now underlined that Barca would be unwilling to match last year's €40 million offer.
"What is the limit for signing him? We'll need to see," Rosell said. "First we need to know what his salary is and what are his conditions.
"Everything is in relation to the salary and the transfer fee, but if last year we offered €40 million, a year has passed ... it is clear that this year his value is less.
"I don't know what will happen with Cesc, but in the case that we were interested, we won't go mad and pay over the top."
Although Fabregas, a product of the Barca youth academy, has made clear his desire to return to the Camp Nou, there have been persistent reports that Real Madrid could enter the bidding.
However, Rosell said: "I don't think he will go to another Spanish club. Cesc is of Barca, and if I were the president of another club, I wouldn't sign a player who holds dear the colours of another team."
Villarreal striker Giuseppe Rossi and Udinese winger Alexis Sanchez are also believed to be targets this summer, and Barca have announced a summer transfer budget of €45 million in addition to any cash raised from player sales. Rosell has also suggested the club could use transfer funds earmarked for 2012 this summer if required.