It was initially reported that Sarr had penned a two-year contract with the NFD club, with a picture of him in Ajax's colours also doing the rounds on social media.
According to a source, however, this is not the case.
"There are two agents claiming to represent Issa Sarr. They caused huge confusion," says the source.
"Yes, there was an offer on the table but both parties couldn't agree on terms.
"He is back here in Johannesburg and looking for a new team to join this season."
KickOff.com understands the 31-year-old has attracted interest from North Africa and Qatar, but he would prefer to stay in South Africa.