Ivan Sproule has rejected the chance of a transfer to Ukrainian club Dnipro in a move that would have netted Hibernian a £1m transfer fee.
Ivan Spoule impressed in the Uefa Cup
Dnipro wanted to take Sproule in the January transfer window.
Sproule, signed last season for £5,000 from Irish League side Institute, had impressed during September's Uefa Cup tie won by Dnipro.
Meanwhile, Hibs have beaten off rivals Hearts to the signature of Canadian teenage midfielder Keegan Ayre.
The 17-year-old, who was also said to be interesting Middlesbrough and Sheffield Wednesday, had a trial with Hearts last season.
But the Canada Under-20 international, previously with British Columbia, has signed a two-and-a-half year contract after impressing in training with Hibernian.
Agent Alex McLaughlin said: "Hearts tried to rekindle their interest in Keegan at the eleventh hour.
"But, by that time, he had already made up his mind that he wanted to go to Hibs.
"Keegan has enjoyed his time at Hibs and feels it is the best move for his career at this stage.
"Everybody has seen how the young players have been given their chance at Easter Road."