David Nugent will spend the remainder of the season at Burnley after the club confirmed they have formally activated an extension to his loan deal.
Nugent joined Burnley on loan from Portsmouth at the start of the season and has scored three goals in 17 Premier League appearances for the promoted club.
Portsmouth were keen to sell Nugent in order to raise some much-needed funds, with Bolton and Owen Coyle linked with a possible interest, but Burnley have now instructed the club that they wish to retain the striker until the end of the current campaign.
"We have exercised our option to extend his loan through for the rest of the season," Burnley manager Brian Laws told the club's official website.
"We are now just waiting for Portsmouth to get back to us to get it clarified and sorted for the weekend. We are just waiting for their reply and paperwork and I am assuming that's going to go ahead."
Laws has also confirmed he is in talks with Celtic over the signing of Danny Fox. Celtic signed the left back from Coventry in the summer and he has started 15 games in the SPL this season.
Laws said: "He's one of quite a few players that I'm talking to and one thing very evident is that they all want to come here and that's very, very pleasing. He's one of many options, and if it's not Fox it will be someone else.
"No deal has been done yet and we have done a lot of talking with a lot of people. We can't say one player is the first choice because he might not want to come or we can't do the deal, so you have got to have options A, B and C. I'm trying to sign a few more players. I'm hoping to conclude at least a couple more players before the window shuts."