Ricky Hatton says he will not be fighting WBA light-welterweight champion Gavin Rees.
Gavin Rees currently holds the WBA light welterweight
Reports at the weekend suggested that Hatton could face Welshman Rees, 27, in May at the MEN Arena in Manchester.
But Hatton's father and manager Ray has revealed that the terms of the fight did not suit the 29-year-old.
"The prospect of a fight with Rees was put to us but the terms were not right and it won't be taking place," said Hatton senior.
"We have a long list of would-be opponents and a long list of venues.
"Ricky has said his next fight will be in Britain as a thank you to his fans who have been travelling across the Atlantic."
Rees, who is trained by Enzo Calzaghe in Newbridge, had been keen to face Hatton who lost to Floyd Mayweather in December.
"I'd love to get it on with Ricky," Rees told the South Wales Argus.
"It would hand Ricky a shot at a title, it's a fight the British public will love.
I'm a quality boxer who would love to give Ricky a right going over
"The WBA title is a very prestigious world title so why wouldn't Ricky fancy going for it? I want the big fights and it would be a right tear-up, but if anyone thinks Ricky versus me would be a miss-match then they're having a laugh.
"I'm a quality boxer who would love to give Ricky a right going over - and I do believe I'd beat him."
But Ray Hatton has now poured scorn on that prospect and his son will now explore other possibilities.
Bradford's WBC light-welterweight champion Junior Witter has been mentioned as another potential opponent for Hatton.