Espanyol are running out of time to sign players this winter after Colo Colo rejected their offer for striker Lucas Barrios.
Barrios, who has been a major hit at the Chilean club, is reported to have requested that the offer was accepted, but the manager, Luis Baquedano, explained why it was not today.
"We agreed the transfer, but the time limit and the structure of the payment was not what Colo Colo wanted. Part was through the deal, and rest was done in quotas until 2011," he told AS.
The news will no doubt frustrate Espanyol, who seemingly have tried to sign plenty of players this winter, but have not succeeded with any so far.
Following the rejected offer, Barrios did not train with the rest of the squad, but did appear later to speak to journalists.
It is thought that the deal was worth $7 million, for a player who was the top scorer in 2008, grabbing 38 goals.
Colo Colo coach, Marcelo Barticciotto, has said that he wants to play Barrios in the Copa Libertadores, but Baquedano has indicated that if a satisfactory offer comes, they will not hold the player against his will.
A few weeks ago the club also rejected another offer, this time from French side AS Nancy, because the way the fee was structured meant not as much would go to Colo Colo as was first thought.
James Walker-Roberts, Goal.com