​Italian giants Inter Milan have confirmed that Ivan Perisic has 'no release clause' in his recently signed new contract with the club. 

The Croation star has been in amazing form since the start of the new domestic campaign and has scored three goals in five games for Inter already. Perisic scored 11 goals in the whole of last season.

Speaking after last night's 1-1 draw against Bologna at the Dall'Ara Stadium, Inter Milan's sporting director Piero Ausilio confirmed that the 28-year-old midfielder's new contract with the club does not have a release clause included.

Speaking to ​Mediaset, Ausilio said, "Nobody denies that this offer from Manchester United arrived, but we and Spalletti wanted him to be a key player for us and we were convinced that our project could be just as successful as the one the English club were offering."

Ausilio continued by stating that Perisic had never asked to leave the club and he is happy at Inter. He said, "Ivan never asked to leave and his new contract is the logical consequence of that. There was no need to insert any kind of release clause in it."

Perisic was pretty close to join Jose Mourinho's project at Manchester United but the Red Devils were not ready to pay the €55m that was demanded by Ausilio and Walter Sabatini at Inter. The Croation winger is not contracted with Inter until 2020.