Everton may have to turn their attentions elsewhere as defender Ezri Konsa is now expected to stay at Charlton Athletic, according to The Daily Mail.
Sam Allardyce wants to bring the 20-year-old to Goodison Park to boost his defensive options, although other clubs â€“ notably Liverpool â€“ have reportedly also shown interest.
Centre-back Konsa is highly rated and Charlton are understandably keen to keep him at the club, despite Everton’s interest, as they mount their own bid for promotion from League One.
The Toffees target has made 31 appearances this season and been scouted on several occasions by top-flight clubs.
Charlton value Konsa at Â£5 million and Everton are reportedly not prepared to pay that much for him.
The England Under-20 international, who The Mail claims is among League Oneâ€™s highest earners, therefore seems set to remain at The Valley.
That is despite earlier reports claiming that Charlton would have allowed Konsa to join Everton to help them raise funds to boost their promotion ambitions.
Even if Everton were to buy the player, a loan-back arrangement was likely to follow, so Allardyce may be content to wait until the summer to revive his interest.
The Toffees have been active in the transfer market already this month, signing striker Cenk Tosun and attacking midfielder Theo Walcott.
Allardyce is using the window to make his own mark on the squad, which has also seen Ross Barkley, Aaron Lennon and Kevin Mirallas depart.
Although Â£5 million for player of Konsaâ€™s promise may seem like a bargain, Everton feel it is more than what they want to pay.
If a deal is to be done, the onus is now on Charlton to revise their valuation of the player, unless they feel by hanging on to him until the end of the season they can drive up his value in the summer.
Everton may now begin to look elsewhere for potential successors to the experienced Phil Jagielka and Ashley Williams.