Atletico Madrid have pulled out of a move to sign Chelsea wing-back Marcos Alonso due to his €40m valuation, report Cadena Cope.
The 28-year-old is said to have been lined up by Los Rojiblancos to replace the outgoing Filipe Luis, who is out of contract at Atleti this summer, in the backline.
Previous reports have linked Alonso with a summer move to Real Madrid with question marks over the long-term future of regular left-back Marcelo but they have since signed Ferland Mendy from Lyon.
Alonso is viewed as a set-piece specialist and offers a goal threat but it is questionable if the West London club will sanction his exit in light of their FIFA-imposed transfer ban.
Previous reports claimed he has been in talks with Atleti over the past two months but his lack of game-time in the Europa League final victory over Arsenal is said to have hastened his decision to seek a move elsewhere.
The Spain international has fallen behind Emerson Palmieri in the pecking order at Stamford Bridge and is now said to want a return to Spanish football.
However, the exit of Chelsea boss Maurizio Sarri - with whom Alonso did not have a strong relationship - to Juventus appears to have calmed his desire to leave.
Alonso came through Real Madrid’s La Fabrica youth system but did not make the grade in the first-team and has since represented several clubs, joining Chelsea from Fiorentina in 2016.