Tottenham Hotspur have lost out on signing Memphis Depay from PSV Eindhoven after the winger signed a new deal with the Dutch club.
The North London outfit were reported to have sealed a £10m deal for the player at the start of this month.
However, the Dutch club have announced that the 20-year-old has put pen to paper on a new four-year contract.
Depay found the back of the net 12 times for the club last season.