Gareth Bale's proposed move from Real Madrid to Jiangsu Suning which would have seen the Wales international become the highest paid player in world football has been called off.
It had been widely reported that Madrid were set to let him go without any transfer fee and that the forward would earn €22m-a-year after tax in a three-year deal move to the Chinese Super League.
Speaking on the club's official website last week, Zidane confirmed the move to the Far East was in motion.
"Let's hope, for everyone's sake, that it happens soon. The club is dealing with the club that he'll move to."
With the deal expected to have taken place imminently, it has now been revealed by BBC that the 30-year-old is to remain with Zinedine Zidane's side after Real 'called the deal off'.
It a surprise turn of events in which it became apparent that Los Blancos were eager to off-load the Wales international and the offer was set to make him the highest paid player in football history - the decision has sparked confusion.
However, according to reports in Spanish media, the long-term injury of winger Marco Asensio and the desire to raise further funds for a potential bid for Manchester United midfielder Paul Pogba scuppered the switch.
Chinese media confirm end of talks
On Monday, Xinhua news agency reported Bale's move has definitively been cancelled after the club signed the big Croatian Ivan Santini instead on Monday.
The Chinese Super League limits the number of foreign players each team can have and Jiangsu reached their quota by signing the forward from Anderlecht.
Troubles with Zidane
Bale's agent Jonathan Barnett also confirmed that his client has yet to be informed by the LaLiga giants that the deal was called off and revealed why his time in Madrid was seemingly coming to an abrupt halt.
"It's quite simple - Zidane doesn't like Gareth. There is no relationship between them, there never has been," Barnett told Le Journal du Dimanche.
The report in AS further states that Real President Florentino Perez was concerned over the player turning out for a European rival in the near future - with the owners of Internazionale holding a majority stake of the CSL outfit.