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Former French Open champion Yevgeny Kafelnikov who is close to the Kremlin Cup organizers said that seven-figure sums were being offered to the two, to play at the event in 2013.
This year's edition of the ATP 250 tournament ended Sunday and featured a weak men's field headed by world No. 21 Alexander Dolgopolov.
"We're interested in Djokovic and Nadal coming, that possibility could happen, in principle," Tarpishchev said, adding that it could be confirmed as early as mid-January.
Budget constraints have traditionally limited the tournament's ambitions, president of the Russian Tennis Federation Tarpishchev said.
“Will it be possible to invite not only Nadal and Djokovic, but also Roger Federer and Andy Murray?” he said.
“This is big money, we can’t afford it.”
In May, Tarpishchev said that Federer, Nadal and Russian women's No.1 Maria Sharapova were all in talks to play the 2012 tournament, but none played.
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