Swansea have failed in a bid to bring NEC Nijmegen midfielder John Goossens to the Liberty Stadium after the Dutchman turned down their offer.
Brendan Rodgers' Swans agreed a fee for the 23-year-old with NEC before the transfer window opened and a move had appeared imminent.
But Goossens has decided to see out the season in Nijmegen, the Dutch club confirmed on their official website.
The midfielder is out of contract at NEC at the end of the campaign and looks likely to leave on a free transfer in the summer, having been linked with Eredivisie rivals Feyenoord.
Meanwhile, the Swans have offered ADO Den Haag a trio of players to take on loan this month.
Swansea's co-owner John van Zweden was born in The Hague and is a big fan of his home side, which has prompted the proposal.
ADO board member Paul Beyersbergen says Andrea Orlandi, Dave Cotterill and Tom Butler are the players in question but he is unsure whether the Dutch side will take up the offer.
He told Voetbal International: "They are all interesting players but all three are midfielders.
"At the moment we are full in those positions. However, you never know what might happen with our players Lex Immers or Jens Toornstra."