Mexican club America say their goalkeeper Guillermo Ochoa will be remaining with them after they failed to reach agreement with Fulham.
The Mexican international keeper is known to have been in England over the last few weeks, during which point he made a trip to Fulham.
Cottagers boss Mark Hughes has insisted that Ochoa was on holiday, and during that time he merely visited compatriot Carlos Salcido.
However, Ochoa and his club America insist he was training with the Premier League club and that Fulham were keen on striking a deal.
But now a move in January appears to be off after America claimed an agreement could not be reached.
"Club America and our player Guillermo Ochoa, due to conditions imposed by Fulham, could not reach an agreement in accordance with the best interest of the club and our player," said an America press release.
"The club maintains its position of supporting our goalkeeper's wish to move to European football if an opportunity presents itself, and that is satisfactory to Ochoa and for America."
America's statement came after 25-year-old Ochoa arrived back in Mexico, and he was hopeful a deal would still be done.
"Without any doubt I can say that I always had the dream of playing in Europe, I think that every player has that dream," he said.
"There isn't anything for sure yet but I have come back to Mexico very calm.
"I still belong to America and from what I know there hasn't been any arrangement between the clubs yet. There are conversations, I hope they advance quickly.
"For the moment I can't speak too much. I can only say that I had some conversations with the people of the team that invited me to England and that I accepted because I was on my holidays."