Atletico told to take it or leave it
By Graeme Bailey
Last Updated: 01/01/70 1:00am
The Magpies supremo flew to Brazil earlier this week and met with Atletico PR president Mario Celso Petraglia.
However, Petraglia soon condemned Newcastle's offer as unacceptable which has angered Shepherd.
"Foreign clubs must come into the real world," blasted Shepherd.
"The Premier League is no longer a soft touch for them to make money.
"The Brazilians seem to think Europe is cash-laden and they can take advantage, but the silly days are gone. The bottom has fallen out of the transfer market."
Leeds United have also failed with a recent move for the 23-year-old Brazilian, who now looks set to remain in his homeland until the summer at least.
Shepherd admitted that the offer would remain and it was up to Atletico to accept it or reject it.
"We made what I consider a great offer and it still stands," added Shepherd.
"It is now up to them to get in touch with us if they want to do business.
"They may be saying we didn't offer enough, but we didn't go all the way out there with anything but good and determined intentions."
Shepherd and his delegation arrived back in England on Thursday and are likely to begin moves to finalise their bid for Leeds' Jonathan Woodgate.
The Newcastle chief met with his counterpart Peter Ridsdale on Monday and will be confident of concluding a deal before the transfer deadline closes at the end of the month.