Skysports.com understands Liverpool midfielder Alberto Aquilani's proposed move to Fiorentina has fallen through.
Liverpool and Fiorentina had been locked in talks over a loan deal with a view to a permanent transfer for the Italian international.
However, Aquilani is believed to have stalled on the move as he would prefer a permanent deal rather than another loan switch.
Fiorentina were unwilling to meet Liverpool's asking price for a permanent deal for the former Roma man and the move is understood to have collapsed.
Aquilani spent last season back in his homeland with a loan spell at Juventus, before returning to Anfield earlier in the summer.
News of his move to Fiorentina falling through is a blow to Liverpool boss Kenny Dalglish's transfer plans as he was looking to trim his squad and free up some funds by offloading the likes of Aquilani before the close of the transfer window.