Paris Saint-Germain are set to abandon their pursuit of Eden Hazard following their run-in with Uefa over Financial Fair Play, reports Le Parisien.
The Parisian club, owned by Qatari billionaires, have been sanctioned for breaking FFP rules and could face repercussions for their lavish spending.
Officials at Parc des Princes are starting to take Uefa's new rules seriously and realise that their transfer plans may have to be scrapped.
In pursuit of Champions League glory, PSG wanted to bring in a new marquee star in the form of Chelsea star Hazard.
The 23-year-old, who was awarded PFA Young Player of the Year this week, is a main target for Laurent Blanc but it seems the club will no longer have the funds to tempt Jose Mourinho into a sale.
Mourinho has already challenged PSG to offer a crazy sum, suggesting that only a £300m joint bid for Oscar and Hazard would be enough to tempt him.
Hazard himself has also stated that he may be forced to move to Paris if his other half decides she wants a move.
'If my wife was to say: "Honey, I'd like you to go to PSG", I would have to take it into account,' Hazard told Canal+ back in April.
But even if Mrs Hazard wants to move back to France, PSG may no longer be able to offer Mr Hazard to wages or Chelsea the appropriate cash.
PSG have been offered a settlement - believed to be a hefty fine - from Uefa for their FFP breaches.
If they refuse to offer, an appeal process will be activated but, if the appeal fails, they'll face a sterner penalty.