Paris Saint Germain have emerged as favourites in the bidding to secure the signature of Chelsea's Alex, after Queens Park Rangers failed to agree personal terms with the defender.
The 29-year-old Brazilian had been in talks with QPR over a potential transfer across west London. However, Press Association Sport understand Alex will not be joining Mark Hughes' side as the club are unwilling to match his wage demands.
PSG general manager Leonardo succinctly explained the club's current transfer dealings in an interview with L'Equipe.
"Kaka? Nothing," said Leonardo. "Leandro Damiao? He does not move during this window.
"Thiago Motta and Alex? For both, there is a possibility. But for now, nothing is done."