Manchester United and Chelsea appear to have missed out on the signing of Sevilla playmaker Ivan Rakitic.
According to sources in Spain cited by talkSPORT, the Croatian international has finally reached an agreement to extend his contract with the La Liga outfit after a potential problem over the commission paid to his agent was finally settled.
Such news would appear to end the particularly intense transfer speculation that has surrounded Rakitic during the lengthy negotiation process, with Manchester United and Chelsea having been linked with the player following the closure of the January transfer window.
It now looks as if the Premier League rivals will now have to look elsewhere, however, with Rakitic - who has scored 10 goals and laid on nine assists in just 25 La Liga appearances for the club this season - seemingly choosing to commit his future to Sevilla.
Manchester United - who achieved a morale-boosting 3-0 victory over West Brom at The Hawthorns on Saturday thanks to goals from Phil Jones, Wayne Rooney and Danny Welbeck - do evidently have a need for a new midfielder.
However, with the club having prised diminutive Spaniard Juan Mata from Chelsea in January, it could certainly be argued by Manchester United fans that their team are perhaps more in need of a battling, all-round player in the mold of an Arturo Vidal or perhaps even an Ilkay Gundogan.
Chelsea, meanwhile, can surely not be too disheartened by £20 million-rated Rakitic's decision to remain in Spain given the wealth of attacking midfield talent currently at Jose Mourinho's disposal.
The Premier League leaders, who brought Egyptian international Mohamed Salah to Stamford Bridge after the aforementioned sale of Mata, boast one of the European football's most in-form midfielders in Eden Hazard and also have the likes of Willian, Andre Schurrle and Oscar to occupy those positions behind the lone striker.