Valencia president Manuel Llorente is pessimistic regarding the club's chances of landing Kevin Gameiro.
The Lorient striker is currently drawing attention from across Europe, with numerous clubs reported to be monitoring his availability.
Spanish giants Valencia were keen to steal a march on their rivals and wrap up a deal early on in the winter window.
However, those plans have been scuppered by Lorient's demands for their prized asset.
With the asking price for the 23-year-old set at €12million (£10m), Llorente admits there is little chance of Los Che being able to prise the Frenchman away from his homeland.
He said in L'Equipe: "We will not conclude (this deal) now or for some time because the negotiations are going slowly.
"The problem is that Lorient will not lower their price to less than 12million euros. That is pure madness.
"If you look at the difference between what they want and what we are offering (quoted as €7m), which is very reasonable, there is a 40 per cent difference."
Gameiro, who has scored eight times in 17 Ligue 1 appearances for Lorient this season, is also reported to be interesting Bordeaux and Lille, while West Ham have been linked with an approach in the recent past.