Uruguayan international central defender Sebastian Cáceres will not be joining the Blues from Club América, according to Mexican reports, the clubs having been unable to agree terms.
TWTD revealed that Cáceres was a Blues target a fortnight ago with news of a bid having been made emerging a week ago and then confirmed by the Liga MX side’s president Santiago Baños.
That offer was turned down, as had been the case with a bid from Spartak Moscow, having fallen some way short of Club América’s $10 million (£7.5 million) valuation.
Club America then made a counterproposal to the Blues of an initial fee of around $8.5 million (£5.9 million).
However, according to AM, negotiations have ended, the Mexican club having taken seven days to come back to the Blues with their proposal by which time Town had moved on.
They add that the Blues’ initial offer was $5 million (£3.7 million) plus potentially another $5 million, with the Liga MX side’s board unhappy with the target-based add-ons.
Cáceres was understood to be interested in the move to Town but is fine with remaining with Club América.
The interest in Cáceres ending seems likely to see Luke Woolfenden stay with the Blues despite interest from Coventry, Watford and Stoke.