The agent of Arsenal target Clement Grenier has ruled out the possibility of a January transfer to Newcastle United or any other club, after revealing that the in-demand midfielder will stay at Lyon for the rest of the season, reports talkSPORT.
Magpies boss Alan Pardew had been heavily linked with a move for Grenier, as he stepped up his search for a replacement for Yohan Cabaye, after the France international completed a switch to Paris Saint-Germain.
However, it now looks as though the proposed transfer has fallen through, after the 23-year-old's representative, Frederic Guerra, told French publication Le 10 Sport that his client had decided against a mid-season move.
"It's not easy to say no to a big club like Newcastle, but with Clement we have finally decided to stay at Lyon," he said.
"Six months out from the World Cup, is a hasty departure just days before the end of the transfer market a good option? It's not a certainty.
"Lyon are starting to find their true colours and Clement didn't want to leave the club during the season."
Arsene Wenger has also been mooted as an admirer of Grenier's, with the Daily Star reporting earlier this week that Arsenal were weighing up a £15million offer to bring him to the Emirates Stadium.
They also intimated that Newcastle would rival the Gunners for the player's signature, but there is no chance of Grenier going to St James' Park after Guerra's latest comments.
"The conditions of his departure weren't creating a favourable context for his development," he added. "Clement would be arriving at Newcastle not as Clement Grenier but as a replacement for Yohan Cabaye.
"I have the greatest respect for the quality of player that Cabaye is, deserving of everything that is said about him. However, as Clement Grenier's agent I am obliged to say: is Clement worth just half what Yohan Cabaye is?
"Above all the reasons which have led us to decline the offer from Newcastle, the conditions of the deal didn't seem fair to Clement."