Andriy Shevchenko's proposed return to AC Milan from Chelsea has collapsed.
Milan confirmed earlier this week they were in ongoing talks with Chelsea over a loan move for Rossoneri legend Shevchenko.
Shevchenko has struggled to make an impact at the London club since his big-money arrival from Milan in the summer of 2006.
The Ukrainian international is thought to be keen on a move back to Milan as he looks to get his career back on track.
However, Milan's chief executive Adriano Galliani claims talks have broken down after Chelsea changed the conditions of the deal.
Galliani claims the Premier League club are no longer interested in loaning out Shevchenko and would prefer to sell the 31-year-old on a permanent basis.
The Milan official now says the deal is dead in the water leaving Shevchenko in limbo.
"Talks over Shevchenko are deadlocked at the moment," Galliani told reporters.
"Milan were interested in taking the player on loan with the right to buy but Chelsea said no because they wanted a full sale, therefore negotiations are over."
Source: Sky Sports