Negotiations between Tottenham Hotspur and Valencia for striker Roberto Soldado have broken down, according to Valencia-based newspaper Super Deporte.
Tottenham head coach Andre Villas-Boas had confirmed that his side were interested in signing Spain forward Soldado, 28, as they look to bolster their attacking options ahead of the new season.
Spurs director of football Franco Baldino had met with Valencia president Amadeo Salvo but, despite talks running late into the night, no agreement could be reached.
The offer was believed to be €26 million plus potential add-ons, but Salvo refused to drop his price below €30 million and the deal hit a stalemate.
It was thought that Soldado, who is due to join up with his Valencia team-mates this Saturday, had agreed personal terms with the North London club and the Valencia president said on Monday that an agreement between the clubs was close.
Spurs, who have already missed out on David Villa and Christian Benteke, now look to be facing further frustration in the market.