Leeds have confirmed they will not sign Cardiff's Warren Feeney, while Hearts have dropped their interest.
The 28-year-old Northern Ireland forward, who was formerly at Leeds academy, travelled to Elland Road on Wednesday for contract negotiations.
The League One club have not given a reason why the deal has collapsed.
Manager Simon Grayson told BBC Radio Leeds: "I spoke to a lot of players and he was one of them, but as it stands he will not be a Leeds United player."
He said: "I've never been one for saying that he's been here or anything like that.
"I've spoken to the player, but I've spoke to another 10 or 15 other players. He's one of a few we have spoken to. Time will progress to see if we do anything."
It was believed that Hearts had been in contact with Feeney and that this could have been the reason why he would not be moving to Elland Road.
However, BBC Scotland understands that Hearts will not be pursuing the player, who was in loan to their Scottish Premier League rivals, Dundee United.
Earlier this week, the former Leeds academy player said: "Cardiff have given permission for another club to sign me. Leeds United are a massive club and I am excited."
The striker did not make a competitive first-team appearance in his first spell at Leeds before leaving in 2001, subsequently playing for Bournemouth, Stockport County and Luton Town before joining Cardiff.
But he has only started five league games for the Bluebirds, spending time also on loan at Swansea City.
Feeney has won 31 full international caps for Northern Ireland, following in the footsteps of his father and grandfather.
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