CLEMENT GRENIER'S agent has ruled out any possibility of his client moving to
The Magpies had a bid of around £8m rejected by Lyon officials on Wednesday, but were hoping to keep the lines of dialogue open tomorrow in case the Ligue 1 club softened their stance with regard to the 23-year-old midfielder.
However, Grenier's representative, Frederic Guerra, claims his client has opted to remain with Lyon.
The news will come as a major blow to Newcastle boss Alan Pardew, who had been hoping to recruit a direct replacement for Yohan Cabaye, who joined Paris St Germain for £20m earlier this week, before the transfer window closes at 11pm tomorrow.
Guerra said: "It is not easy to say no to a big club like Newcastle, but Clement has finally decided to stay in Lyon . Today, with the new system developed by Rémi Garde, Clement is now demonstrate that it has a bigger side to his game, he proves it in the matches.
"Six months before the World Cup, a move a few days from the end of the transfer window was a good option? It's not safe at all. And the OL (Lyon) is regaining form and Clement did not want to leave the club along the way, during a season.
"Finally, the conditions of his departure did not create a favourable environment to flourish. Clement would have arrived at Newcastle not as Clément Grenier, but as replacing Yohan Cabaye.
"I have the utmost respect for the quality of Cabaye as a player, who deserves eeverything which is happening. However, as an agent of Clement Grenier, I also have to think, 'Is Clément really worth twice cheaper than Yohan Cabaye'?
"Beyond all the reasons that led us to decline the offer of Newcastle, the conditions of the deal did not seem fair to me vis-à-vis Clement."