LA Galaxy have rejected a bid from AC Milan to sign England midfielder David Beckham on a permanent deal.
The 33-year-old is on loan with the Italian club and is due to return to the MLS side on 9 March.
He had earlier expressed a desire to remain with Milan and hoped that the clubs could reach agreement.
Tim Leiweke, chief executive of Galaxy owners AEG told the LA Times: "We received an offer. It was rejected. We need to end the circus and the zoo."
Beckham, who has scored twice in five games for Milan, signed a five-year contract with the Galaxy in 2007 and while Leiweke reiterated Galaxy's desire to retain the midfielder, he did not rule out a compromise with the Serie A club.
David has made it very clear that if our decision is to bring him back here, he will return
Tim Leiweke, chief executive of LA Galaxy owners AEG
"Clearly, if David's in a position where he wants to finish the season in Milan," added Leiweke.
"If Milan in turn compensates the Galaxy so that we can suffer no damages to our fans or to our team, then we'll take a look at it.
"If David ultimately is an asset for this team, we want him back.
"He (Beckham) has never forced our hand on anything.
"This is not a legal conversation and has never been a legal conversation. He does not have lawyers looking at the contract."
Beckham still hopes to retain his place in the England set-up with the 2010 World Cup looming.
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