Newcastle United have seemingly pulled the plug on any potential deal for Lille defender Mathieu Debuchy after failing to agree a transfer fee with the Ligue 1 club.

Toon boss Alan Pardew is a long-term admirer of the France international and was keen to bring him to Tyneside after seeing his superb displays at Euro 2012 where he particularly impressed against England.

Lille have already turned down an offer of £4million for the right-back and it seems they are unwilling to move on their valuation which is double what Newcastle offered.

Mathieu Debuchy
Lille are refusing to lower their valuation for Mathieu Debuchy [Reuters]

The Northern Echo has reported that Lille will not move on their figure of £8million, despite signing right-back Djibril Sidibe from Troys who at 19-years-old could be viewed as a long-term replacement for Debuchy.

Pardew has so far struggled to add to his squad after missing out on Luuk de Jong, who eventually moved to Borussia Monchengladbach, and fellow FC Twente defender Douglas who is also a target for Newcastle.

The paper believes that Newcastle may decide to turn their attention to a possible alternative as managing director Derek Llambias has been unable to talk Lille officials into lowering their demands.

Newcastle have a very clear budget to work with this summer and Pardew has admitted that any possible transfers will need to justified to the board.

"The two clubs need to make an agreement on the finance side about the players we're talking about," Pardew told the Northern Echo. "Unfortunately, there's no agreement at the moment."

Finances may also play a part in the clubs pursuit of Liverpool forward Andy Carroll who is currently on a North American tour with the Reds, despite his future with the club being far from certain.