Tevez, whose current contract expires next summer, has been linked with a summer exit from the Etihad Stadium.
A number of top European clubs, including the likes of Milan and Serie A champions Juventus, are reportedly interested in the Argentina international, but Galliani has now moved to play down the interest to the Rossoneri.
The 68-year-old, who had previously talked up a potential move for the Argentine forward, also confirmed that Milan will have a “sell first, buy second” transfer policy this summer after breaking the bank to sign star striker Mario Balotelli from Manchester City in January.
“Tevez is not a transfer target for us,” said Galliani.
“Before we will try to bring in new players, we will have to sell some of our own players first.
“It’s not a financial problem, but has to do with the amount of attackers we already have. At the moment, we already have seven players for just three positions.
“Our big transfer coup came in January when we signed Mario Balotelli from City. We will see if anything else happens.”
Tevez, 29, enjoyed a solid bounce back season at City last term, bagging 17 goals and 10 assists in 47 appearances across all competitions for the English Premier League runners-up.
Montpellier dismiss Cisse link
Montpellier HSC chairman Louis Nicollin has rubbished reports linking the club with a summer swoop for Queens Park Rangers misfit Djibril Cisse, Sky Sports reports.
Cisse, 31, is currently in search of pastures new following Queens Park Rangers’ relegation to the Championship.
According to reports, QPR may be willing to cancel the contract of the former Liverpool and Olympique de Marseille striker, and rightfully so.
The 31-year-old, who scored five goals in 17 competitive appearances while on loan at Qatari League side Al-Gharafa last season, needs a fresh start and recently announced his desire to return to France.
However, Montpellier are not among the clubs interested in his services.
“Cisse? No, it is out of the question. I don’t want a guy who plays DJ in bars,” Nicollin told Midi Libre.
“It will not be Cisse or anyone else. We will play with [Emanuel] Herrera and [Gaetan] Charbonnier who are already at our club.
“We don’t need forwards, it is in defence that we need to take care of matters.”
Cisse scored just three goals in 18 league appearances for QPR before joining Al-Gharafa on loan in January last term.