Tottenham and Juventus have also expressed their interest in Milito.
“Milito has a deal with Genoa but we cannot pay him anymore than we do now,” Preziosi told Corriere dello Sport.
“If Inter offer more money we will not be able to compete. We can only pay what we do now.
He added: “If Inter, or anyone else, wants to buy Milito, they have not only to make an offer to the player but to Genoa as well.
“If we receive an interesting offer we will sit down and discuss it. But it will have to be an interesting offer for us.”