Arsenal have been placed on red alert as Queens Park Rangers goalkeeper Julio Cesar's proposed move to Fiorentina looks to have hit the buffers, reports the Daily Star.
According to the Brazil international's agent, Josias Cardoso, the Serie 'A' suitors have failed to meet the Championship club's valuation of Cesar, which is believed to be in the region of €3.2million.
Gunners boss Arsene Wenger has held a long-term interest in bringing the 33-year-old to the Emirates Stadium, as he looks to strengthen his options between the sticks ahead of the 2013/14 campaign.
With Wojciech Szczesny suffering a dip in form last season, Arsenal have been linked with moves for a number of different goalkeepers this transfer window.
A move for Cesar has always seemed the most likely, though, particularly after the latest development which suggests a breakdown in negotiations between his representative and Fiorentina.
"I've never had direct contact with Fiorentina," Cardoso said in an interview with Radio Blu. "But instead I have sent one of my associates to deal with the Viola.
"Up until this point we have not reached a solution with the club for me to have to take part. I currently have no appointments with Fiorentina.
"QPR have no problems with the club and will have no problem with the departure of Julio Cesar.
"If Fiorentina doesn't offer the demanded price of €3.2m, then there will be no deal.
"The player is willing to wait to find another team. Fiorentina must also offer a four-year contract or one spanning at least until 2017."
Cesar made 26 appearances for QPR in the Premier League last season, but was powerless to prevent the west London club from suffering relegation to the second tier.
Cardoso added that Arsenal might find it difficult to convince his client to stay in England, if a chance to return to Italy - where he was previously first-choice for Inter Milan - arises.
"The player does like the Viola. They are a high level team," he added. "If Fiorentina offer the €3.2m, then that's where Julio Cesar will go.
"A transaction with any club will be difficult unless that price is met. The proposal has to be at least equal to his current deal with QPR.
"Even if he plays at a small club, he will still be called for the World Cup."