The article claims that Inter Milan had initially demanded that Manchester United include Anthony Martial as part of the deal for Perisic - but the Red Devils have no intention of selling the France worldwide.
The Portuguese manager had identified the 28-year-old Croatian winger as one of his main attacking targets this summer, but Inter were just as keen on having him in their squad and Mourinho was unable to recruit the player.
They wanted to take the Frenchman on loan and have a fixed price included in the deal for the permanent future transfer of Martial.
Perisic reportedly wants to find out United's intentions before deciding whether to sign the new contract on offer at the San Siro.
It looks as if Jose Mourinho's bid for the Croatia global is dead in the water, but there is still a chance.
United had instead switched their focus on the slim possibility of bringing Gareth Bale back to England, but Mourinho ruled that move out after the Welshman started Tuesday's night's win over the Red Devils in the Super Cup.
Perisic has been a summer target for Manchester United, but have so far yet to come to an agreement with the Italian club for the Croatians services.
Inter Milan winger Perisic has been heavily linked with a move to Old Trafford this summer, and Samuel Luckhurst of the Manchester Evening News reported the Red Devils "have not ended their pursuit" of the Croatia worldwide.