Newcastle United have pulled out of their bid to sign French starlet Hugo Ekitike from Stade Reims, 90min understands.
Newcastle had agreed a deal with Reims for the 20-year-old forward and personal terms with the player were also in place.
However, negotiations with the player's agent - who wanted additional fees and payments - proved too much to overcome and Newcastle have now walked away from the deal.
Newcastle remain interested in the player, but will now pursue other options.
Circumstances could change on Newcastle's end if the player's agent has a change of heart, and that could see a deal potentially resurrected. As it stands, however, the Frenchman will not be moving to St. James' Park.
Listen now to 90min's Talking Transfers podcast, with Scott Saunders, Graeme Bailey, Harry Symeou & Toby Cudworth. On the latest show they discuss Newcastle's decision to pull out of a deal for Hugo Ekitike and offer the latest on Arsenal's pursuit of Gabriel Jesus. Available on all audio platforms and the 90min YouTube channel.
If you can't see the podcast embed, click here to download the episode in full!
90min now understands that Ekitike's agent is looking at other options, and the team leading the chase is Paris Saint-Germain.
Ekitike himself is a self-confessed Kylian Mbappe fan and many in France have likened him to the PSG superstar.
Reims have told suitors that they will not be accepting less than the deal that was on the table from Newcastle, which was worth a total of £30m.
One player who has joined Newcastle is Burnley goalkeeper Nick Pope, who after undergoing a medical, has penned a four-year deal in a £10m move.