The Football Association will not investigate Jurgen Klopp's comments about Manchester City, Newcastle and Paris St-Germain.
In a news conference following Liverpool's 1-0 win over City last week, the German was asked whether comments made before the match at Anfield were "borderline xenophobic".
Klopp had said the three clubs could "do what they want financially".
"In this specific case, I don't feel that at all," he said.
"I know myself. You cannot hit with something which is miles away from my personality."
It is understood the FA's stance is backed up by anti-discrimination groups, who believe it would be difficult to prove City's claim.