Besiktas have publicly rejected Sergio Ramos in a brutal statement posted on their official website.
Spain and Real Madrid legend Ramos is currently free agent after leaving Paris Saint-Germain upon their expiration of his two-year contract with the club.
He has been linked with moves to the MLS, dand even Brazil but more recently Turkish side Besiktas were exploring the possibility of bringing him in.
They reportedly moved ahead of city rivals Galatasaray in the race for the World Cup winner and it was claimed Ramos was merely waiting for a final proposal from the Istanbul outfit.
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However, transfer expert Fabrizio Romano reported that the "the deal won’t happen as there’s no chance due to the financial requests".
That was followed by official communication from the club, who explained why they will not be signing Ramos and former player Anderson Talisca over financial reasons.
The statement read: "Successful footballers Anderson Talisca and Sergio Ramos, who have an important place in the world football market with their quality, which every club, every president and every coach would want to see in their squad, are on the transfer agenda.
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"In this direction; Contact was made with both Anderson Talisca and his club and Sergio Ramos, who has his testimonial; "Negotiations, which were carried out considering the interests of our club, were terminated due to disagreements on financial issues.
"We respectfully present the information of the public and our fans."
Ramos is said to have been earning around €6 million per year at Paris Saint-Germain.
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Besiktas have been extremely active in the transfer market, bringing in eight new players - including Alex Oxlade-Chamberlain, Daniel Amartey and Arthur Masuaku.
They are not the first club to turn down Ramos. His former employers Sevilla, who he played 50 times for at the start of his career, have also dismissed re-signing him.
The club's president, Pepe Castro, said: "I have nothing against him, he is an extraordinary player. But right now he can't be part of the team."
Over in Saudi, both Al Ahli and Al Ittihad have been touted as potential suitors.
Topics: Besiktas, Turkish Super Lig, Turkey, Sergio Ramos, Real Madrid