Arsenal appear to have failed in their bid to sign Costa Rica forward Joel Campbell.
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Arsenal had been expected to tie up a £900,000 deal for Campbell, who plays for Deportivo Saprissa, but it is thought a rival club has offered superior terms.
Saprissa president Juan Carlos Rojas told La Nacion newspaper: "It is a disappointment for football, for Saprissa and for me that they have decided not to take up an offer from as serious and first-class people as Arsenal. I hope it works out for Joel.
"I assume his father thinks that things will get better and that's why he made this decision, but hey, there's always a risk. It's a shame that Costa Rican football could not have a player at Arsenal at this time."
However, his father, Humberto Campbell, claims a decision is yet to be made.
"We already decided not to sign anything yet," he said. "We are going to wait until the Under-20 World Cup finishes, so that Joel can go and play with calm and without pressure, then we will see what happens."