Pellegrini said last month that despite the City board encouraging him to buy English players, the prices associated with the best would make it economically questionable, not to mention the fact that there are few English players that would improve his Manchester City side.
"Can you get [Raheem] Sterling? Maybe if you go to Liverpool with £100m you can," the Chilean said at the time, as quoted by the Mail. "If I want an English player in the position of [David] Silva who is there? Maybe [Wayne] Rooney, but who else?"
Since then, contract talks between Liverpool and Sterling have been shelved until the end of the season at the behest of the player, something that, strangely, has been acted out in the public eye rather than behind closed doors.
It has naturally seen the 20-year-old linked with clubs all over Europe, even if Brendan Rodgers assured the press that the England international will be staying at Anfield. As one of the richest sides in England, and with Pellegrini having name checked the Liverpool player only a few weeks before, it was only natural that the Manchester City manager would be questioned on the winger once more in his own media meet.
Pellegrini referred to mentioning the "one English player the other day" in the conference before their trip to Selhurst Park, but when prompted by a reporter as to whether he was talking about Sterling he took a very diplomatic approach, refusing to mention the player's name and instead talking about the fact so many players get linked with the top clubs.
"I don't think it's just this part of the year – the whole year in this club there are a lot of rumours about us wanting players. I just said the other day, just one English player, but it doesn't mean we are interested in some players," the former Malaga boss says in a video on Give Me Sport.
"I will not talk about rumours as we have so much talk about so many players who may come here and it's impossible to have such a big squad."
Big squad or not, talented players like Sterling will only be worth more money if Greg Dyke's quota plans come off, so unfortunately Manuel, even £100 million might not get you the Liverpool man.