Livorno have given up hope of signing former player Cristiano Lucarelli because of his agent's excessive financial demands.
The 33-year-old scored 92 league goals in just 146 appearances during his four year stay with him hometown club and after short spells with Shakhtar Donetsk and Parma, the striker was linked with a return to the Stadio Armando Picchi.
The Italian was expected to sign for the newly promoted Serie A side but club president Aldo Spinelli believes the deal is now dead.
Spinelli stated that the player's agent was the reason behind the failed negotiations, with the Livorno chief declaring there was no chance of the transfer being resurrected.
"Due to the continuing and unjustified requests from the player's agent, the club have concluded the negotiations in a negative way," he told Sky Italia.
"We have had a lot of quarrels in the past and I don't want to restart. I don't have the will.
"Lucarelli phoned me saying his agent can't lose money. I told him that this was not my problem.
"I called (Tommaso) Ghirardi (Parma president) and I told him that I don't want to continue.
"I'm only sorry for Parma who have shown a big responsibility with the player."
Barred from coaching
Meanwhile Livorno manager Gennaro Ruotolo has been told by the Italian Football Association that he cannot continue managing the team until he receives the necessary badges.
The Italian guided the club to the top flight having won the Serie B play-offs last term and he must now finish his coaching badges or risk being replaced.