Everton striker Romelu Lukaku has turned down the most lucrative contract offer in the club's history.
The Premier League club had been confident the Belgium international would sign a new five-year deal thought to be worth around £140,000 a week.
The 23-year-old's agent, Mino Raiola, had said his client was "99.9%" certain to extend his stay at Goodison Park.
However, Lukaku has told the Toffees he currently has no desire to extend a contract that has two years to run.
Lukaku has made no secret of his desire to play in the Champions League and has been linked with a return to former club Chelsea, from whom he joined Everton for £28m in 2014.
Everton may still hope to persuade him to stay but, if not, will demand a fee in excess of £60m for a player who has scored 19 goals this season.