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Report: Barcelona will not bid for 2022 Olympics

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Barcelona will not become the first city to host a Summer and Winter Olympics in 2022, according to Spanish outlet SPORT.

The newspaper quoted Barcelona mayor Xavier Trias saying a decision had not been made yet on Friday, but that sources told the newspaper an official announcement ending the possible bid city campaign is expected Friday.

SPORT cited Spain’s economic problems and the setback of losing the vote for the 2020 Olympics to Tokyo on Sept. 7.

In August, Trias said Barcelona 2022 would move forward if Madrid did not win the 2020 Olympic vote. Barcelona hosted the celebrated 1992 Summer Games.

Munich, the 1972 Summer Olympics host, is continuing with bid plans for 2022, hoping to become the first Summer and Winter Olympic host city.

The only official bid for 2022 so far is from Almaty, Kazakhstan, but other European cities such as Oslo have express interest. The U.S. is not planning on bidding for the 2022 Olympics.

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WATCH: Top basketball moments of the Rio Olympics

RIO DE JANEIRO, BRAZIL - AUGUST 20:  (L-R) Gold medalists Diana Taurasi #12 and Sue Bird #6 of United States celebrate during the medal ceremony after the Women's Basketball competition on Day 15 of the Rio 2016 Olympic Games at Carioca Arena 1 on August 20, 2016 in Rio de Janeiro, Brazil.  (Photo by Tom Pennington/Getty Images)
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As expected the U.S. took gold in both men’s and women’s basketball, with the men winning their third consecutive Olympic gold medal and the women running their streak to six straight. But there was a lot more to take in at the basketball venues, including Serbia’s men’s team winning their first Olympic basketball medal (as an independent nation), and Spain doing the same in the women’s bracket.

To watch the top basketball moments of the Rio Olympics, click here.

WATCH: Top track and field moments of the Rio Olympics

RIO DE JANEIRO, BRAZIL - AUGUST 14:  Usain Bolt of Jamaica celebrates winning the Men's 100 meter final on Day 9 of the Rio 2016 Olympic Games at the Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil.  (Photo by Cameron Spencer/Getty Images)
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From Sam Kendrick’s patriotic moment to Usain Bolt’s “triple-triple,” check out the best moments from the 2016 Rio Olympics track and field competition.

You can watch all of these moments here.