Paris St Germain have seemingly conceded defeat in their attempt to sign forward Jimmy Briand from Rennes.
The 22-year-old threatened to quit football after his club reportedly turned down a 7million euro bid from the capital club earlier in July.
Briand claimed to have an agreement with Rennes general manager Pierre Dreossi that he could leave the club if PSG made good on their interest with a bid.
However, the capital outfit have released a statement on their official website, www.psg.fr, explaining that negotiations have reached an impasse after an improved bid was also rejected.
It read: 'Despite a final improved and significant offer from PSG, Stade Rennais do not wish to release Jimmy Briand.
'Clearly, the desire of the Rennes player to join the capital club seems to be intact. For their part, PSG are always interested in a player matching this profile within the conditions proposed by the club.'
The new offer is believed to be in the region of 8.5million euros, while Rennes are reported to be holding out for a fee closer to 12million.
PSG have also been linked with a move for Chelsea's Claudio Pizarro and Real Zaragoza forward Ricardo Oliveira as they look to replace Portuguese striker Pedro Pauleta who retired at the end of last season.