Sevilla sporting director Monchi has revealed talks over a deal with Liverpool for left-back Alberto Moreno is all but over and unlikely to be revived.
Reds manager Brendan Rodgers is desperately looking to sign a left-back and the Spanish international was understood to be his first-choice.
Reports last month claimed the Reds had already agreed a five-year deal with Moreno worth £1.2m a season.
However, the deal stalled after Sevilla demanded around £18m for the defender, way above Liverpool's £13.5m valuation.
"The matter of Alberto is practically settled. We couldn't reach an agreement and I don't think it can be revived," Monchi said during an interview with El Correo de Andalucia.
"It was a great offer but the player is only 21 years old and it's possible that the catharsis of being with the national team had a positive effect. He has a lot of room to grow and the coach is very happy to have him," he added.
"My feeling is that the negotiations are paralysed and I don't see any hint that they will be restarted. We put a price on our players which we believe to be appropriate. Whoever wants to buy, can buy, and if you can't."
Furthermore, Monchi reveals that Sevilla are now in a stronger economical position after selling Ivan Rakitic to Barcelona for around £16m.
"Also, with the sale of Rakitic, our needs were covered. We don't have the burden we had at other times.
"That's my idea and all I can say is that today we have no offers, serious offers. Nor do we spend all day waiting... Thank God we are financially well off and don't need to sell."
Nevertheless, Monchi gave some hope to Liverpool reminding them that last year they didn't expect to sell some of their stars but eventually did because they received lucrative bids.
"Any answer I say now is worthless. Last year at this point if you asked me whether we were going to sell Jesus Navas, Negredo, Kondogbia or Medel I would say probably not. But the transfer market is strange."
Should Liverpool fail to secure Moreno, reports claim that the Merseysiders are already looking at alternatives, such as Sporting Lisbon's Marcos Rojo.