Contrary to reports earlier in the week, Bolton will not be signing Fousseni Diawara.
Diawara had claimed to have sealed a loan switch from French Ligue 1 side St Etienne.
Sam Allardyce appeared to have made the Mali international his first signing of the January transfer window.
However, Bolton have moved to reject reports of Diawara arriving on loan for the rest of the season.
The full-back will instead return to St Etienne after linking up with The Trotters this week.
Allardyce remains keen to make at least one signing this month and will continue scouring the market ahead of deadline day.