Perisic, 28, has been linked with an exit from Inter Milan in the upcoming transfer window.
Both Manchester United and Chelsea are rumoured to be interested in the Croatian winger.
The Red Devils are now odds-on favourites to complete a move for Perisic, with Inter demanding around £50million for his signature.
But Marcotti doesn't think he is worth the transfer fees being discussed and reckons he is down the pecking order of targets for the Premier League giants.
How Manchester United could look with Ivan Perisic Sun, May 28, 2017
Is this how Manchester United could look with Inter Milan ace Ivan Perisic?
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GK: David De Gea
Gabriele Marcotti says Man Utd or Chelsea don't need to sign Ivan Perisic
I don't see Ivan Perisic as somebody Manchester United particularly need or indeed for that matter Chelsea
Gabriele Marcotti on Man Utd target Ivan Perisic
"I think this is all emanating from the same people, the people around Ivan Perisic are putting pressure on the club while Inter right now don't have a manager," he said on ESPN FC.
"Certainly not at the crazy sums that have been thrown out of £50-60million. So I think this is paper talk.
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Ivan Perisic has been linked with a move to Man Utd and Chelsea
"He maybe a second or third option for United but certainly not a priority."
Perisic joined Inter from Wolfsburg in 2015 and has scored 18 goals in 70 Serie A appearances.
He has 56 caps for Croatia scoring 16 times, since his debut in 2011.