Manchester United, Arsenal, Chelsea and Liverpool have been dealt a blow in their alleged pursuit of Jackson Martinez after the Colombian striker's agent confirmed that Porto plan to offer him a new contract.
The 27-year-old has been the subject of intense transfer speculation in recent months after receiving admiring glances from a host of top European clubs - including four from the Premier League.
TalkSPORT reports that Gunners boss Arsene Wenger has been credited with an interest in bringing Martinez to the Emirates Stadium as he look to provide more competition for Olivier Giroud in Arsenal's attack next season.
And, having netted a mightily impressive 46 goals in just 60 league appearances for Porto over the past two seasons the former Chiapas star was identified by Wenger as the man to help fire Arsenal to glory in 2014/15.
Martinez has also caught the attention of Jose Mourinho at Stamford Bridge, and despite the fact that Chelsea are closing in on a deal to bring Atletico Madrid striker Diego Costa to west London, the Blues boss might also have been keen to add the South American to his ranks.
The Daily Express alludes to additional interest from Manchester United and Liverpool, with Louis van Gaal and Brendan Rodgers both on the lookout for reinforcements at Old Trafford and Anfield this summer.
However, any hopes that Arsenal, Chelsea, Manchester United or Liverpool might have had of securing Martinez's signature look to have been dashed following comments made by his representative Luis Henrique Pompeu, who outlined Porto's intention to extend the £30 million-rated striker's stay at Estadio do Dragao beyond 2016.
"Porto still wish to negotiate the renewal of Jackson," he confirmed in an interview with Portuguese newspaper O Jogo.
Porto's failure to secure automatic qualification for the Champions League last season doesn't appear to have affected Martinez's contractual situation. Instead, he is more concerned with negotiating a significant pay-rise which will act as compensation for the astronomical £70 million buyout clause that the Primeira Liga giants plan to insert in his new deal.
Luis Castro will be eager to keep hold of his most prolific marksman, who has so far been restricted to a bit-part role for Colombia at the World Cup this summer, playing second fiddle to the likes of Teofilo Gutierrez and Carlos Bacca in attack.