Tottenham Hotspur striker target Giuseppe Rossi is set to stay at Villarreal this summer.
The Italian international forward has been heavily linked with a move away from the Yellow Submarine in the transfer window, with clubs across Europe interested in signing the former Manchester United player.
Harry Redknapp has been one of those monitoring the player's situation at El Madrigal, with the Spurs boss failing to land Rossi in January.
Despite signing a new five-year deal in the same month, the Tottenham Hotspur target was still tipped to make a move away from La Liga as the Spanish side look to solve their financial difficulties.
However, the sale of Santi Cazorla appears to have ended Spurs' interest in the player, with agent Federico Pastorello telling Sky Sport Italia the player is off the transfer window.
"Giuseppe Rossi has officially been taken off the market after they sold Santi Cazorla to Malaga," Pastorello told Sky Sport Italia.
"The economical problems which the club had have now been resolved by that (£16.5million) transfer. Nevertheless, this decision has liberated Rossi as he's now just focusing on playing football and scoring goals.
"He's not used to being at the centre of such negotiations and tension. He wanted Juventus, but he's accepted the position taken by the president of Villarreal."
Cazorla was heavily linked with a move to Arsenal this summer, with Arsene Wenger reportedly monitoring the 26-year-old back in July.
The Gunners are keen to add a player in the position, with uncertainty remaining over the future of Arsenal captain Cesc Fabregas and French international Samir Nasri at the Emirates.
After missing out on Cazorla, the Arsenal boss instanty turned his attention to Cazorla compatriot Juan Mata, although a bid was reportedly rejected for the player last night.