Reports suggest their decision to pull out came because of Paris St Germain having a bid of €30 million rejected.
Corinthians had only been offering half that amount, but may now turn their attentions elsewhere.
What is your opinion? Feel free to discuss the article under. You have to comment by using your Facebook profile. Be fair and have respect for other people and opinions!
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.