The Tottenham Hotspur striker's proposed move to Villa Park looks to be off for the moment, but Sherwood insists that there is still a chance the deal could be revived.
Speaking ahead of Saturday’s Premier League opener at new boys Bournemouth, Sherwood told his pre-match press conference: “If it can be revived and we think it's necessary, two parties have got to agree on it. At the moment, there's no agreement and he's a Tottenham player.
“It's unfair for me to talk about him, he's a Tottenham player and I can't speculate on where he might go. He's still their player and that's it.
"He was here and we spoke but he's a Tottenham player. We had discussion and he's still a Tottenham player so something went wrong."
Adebayor, 31, endured a torrid 2014-15 campaign at Tottenham, scoring only two goals in 17 games, while also seeing a potential mid-season loan move to West Ham United break down.
Left out of the club’s pre-season activities, the club are believed to be desperate to offload the Togo striker’s reported £100,000-per-week wages and had looked to have found a prime suitor in Villa.
The Spurs misfit netted 14 times in 24 appearances under Sherwood’s stewardship over the second half of the 2013-14 season after being brought back in from the cold following Andre Villas-Boas’ sacking and, with his old boss out to replace Christian Benteke’s goalscoring impact, the claret and blues seemed a perfect fit.
The likes of Sky Sports even reported last month that he was set for a medical at the club after being given a tour of their training facilities, but the latest suggestions are now that the ex-Arsenal man is holding out for a move to a London-based club [h/t The Times].
In the meantime, Villa have added some help up top following Benteke’s Liverpool switch, signing Jordan Ayew from Lorient for around £8.5 million and Rudy Gestede from Blackburn Rovers for a reported £6 million fee.
With the long-serving Gabriel Agbonlahor and fit-again Libor Kozak also at his disposal, Sherwood insists that he’s content with his striker situation heading into the new campaign.
"I am really happy with the four we have here at the moment but if there is something that becomes available and it's better than what we've got, then you look to improve,” he added.” It would have to be some good quality of striker to be better than what we have."