Blackburn's money men have pulled the plug on Graeme Souness' attempt to sign Barry Ferguson.
The Ewood Park side have had a second offer for the Rangers captain rejected and are unlikely to increase their bid.
Souness is still keen to sign the highly-rated midfielder but will not be given the cash needed to meet Rangers' demands, possibly opening the door to a move from Everton who are also interested in the Scotland midfielder.
Souness told the Daily Record: "We made a second offer and we've had it rejected so I think that is us out of it now.
"I don't want to talk about the numbers that were discussed but I am not expecting to make a third offer.
"It's disappointing for me because I wanted him here but my directors say they can't go any further so that's the end of it."
