Alessandro Del Piero move to Sydney FC looks to be on hold with the Italian striker's manager saying they are yet to decide over the 'serious' offer.
Sydney FC announced on Friday that Del Piero had "agreed to finalise details on a contract with the Sky Blues".
But Del Piero's manager, his brother Stefano, said the Australian club are yet to secure the 37-year-old's signature.
"Obviously things were misinterpreted," Stefano Del Piero told Italian news agency ANSA.
"It's a serious offer but that doesn't mean everything's decided."
Del Piero had reportedly also attracted interest from Swiss Super League club Sion, Celtic and Tottenham but Sydney FC have now seemingly moved to the front of the queue.
The possibility of playing his final season in the Australian summer rather than a European winter is said to be the deciding factor.
Sydney FC are hoping to have the move sealed by Monday.