And he has also rubbished speculation that Queens Park Rangers could be set to hijack the deal for the Togolese striker.
Smith was instrumental in engineering Adebayor’s move from Arsenal to Manchester City in 2009, as the African star left north London to sign a deal reportedly worth £170,000 a week.
But he has claimed the 28-year-old is pricing himself out of a move away from City as he seeks to resurrect his ailing career.
“I was involved in Adebayor going to Manchester City from Arsenal and he is quite ruthless when it comes to getting what he wants,” Smith said.
“He got a very good deal and quite clearly he wants his pound of flesh not only on the way in but on the way out.
“And I think it’s a deal that will die on its backside so who is it that is going to come and give moneybags Adebayor the money that he wants other than moneybags QPR and I don’t think they’d even be interested in him.”