Leeds United’s proposed loan move for Swansea City winger Daniel James fell through in the closing minutes of the January transfer window.
Swansea City opted to back out of the deal with a late-night U-turn and will renew efforts to get the Wales international to sign a new contract.
James, 21, had a medical before a potential loan switch to Elland Road.
Leeds would have made the deal for the winger permanent in the summer for about £8.5m, dependent on promotion.
However, talks collapsed late on Thursday, meaning James will now return to Swansea.
They had been keen to hold on to James and had previously sought to discuss a new contract with the player, whose current agreement has 18 months left to run.
Swansea opted to end negotiations following discussions regarding the structure of the deal.
It is understood Leeds wanted to defer the initial loan fee until the summer while the proposed permanent transfer fee following potential promotion would have been spread out over as much as three years.
It is believed Swansea chairman Huw Jenkins felt he was not prepared to accept the terms and brought a halt to discussions.
Swansea also felt selling James would send out the wrong signal to fans and manager Graham Potter about the club’s direction over young talent, with Potter having earlier admitted he shared supporter frustrations.
Leroy Fer also stays at Swansea
The collapse of James’s proposed move was not the only late twist at Swansea.
Leroy Fer had appeared to be heading for Aston Villa on a permanent transfer but he will be staying at the Liberty Stadium.
Fer, Swansea’s captain, has six months remaining on his deal and will now see out the season in South Wales, though there has been little indication of him signing a new contract to date.
Instead it was fellow Swansea midfielder Tom Carroll who made the move to Villa Park on an initial loan deal.