AC Milan defender Didac Vila has failed a medical and Valencia and his transfer has been cancelled.
The left-back had been due to join on loan for the 2012/13 season with Valencia having the option to make the deal permanent.
But the Spanish club discovered a pelvic injury during their medical tests on Vila and have now called the deal off, despite Milan waiving the loan fee.
The former Espanyol man had been signed to replace Jordi Alba, who earlier in the summer moved to Barcelona, but Malaga's Nacho Monreal or Roma's Jose Angel are now probable targets.
A statement on Valencia's official website read: "Didac Villa has not passed the medical tests that have been submitted by the medical staff of Valencia Football Club.
"The medics consider that he is not 100 per cent fit to play football immediately. Therefore, Valencia FC has called off his transfer.
"The club wishes every success to this extraordinary player in his career."