Daniel Cousin's £3m move from Rangers to Fulham has collapsed after Fifa refused to sanction the transfer.
Cousin joined Rangers from French outfit Lens last summer
World football's governing body forbids a player from appearing for more than two clubs in one season.
The 30-year-old striker appeared for 20 minutes for Lens before his summer switch to the Ibrox outfit.
Fulham had had an initial £2m offer for the 30-year-old Cousin rejected, but their improved bid was accepted by the Ibrox club on Tuesday.
Cousin, who signed from Lens for around £1m in the summer, has scored nine goals in 26 appearances for Rangers.
A three-club precedent appeared to have been set by Argentina midfielder Javier Mascherano, who played for Corinthians and West Ham United before moving to Liverpool last season.
Meanwhile Amdy Faye's potential move to Blackburn has fallen through.
The on-loan Charlton midfielder had been training with Rovers after failing to nail down a first team place at Rangers but is now back at Ibrox after a return south of the border failed to materialise.