Crystal Palace's £50m move for Wolves striker Jorgen Strand Larsen is in the balance after the Eagles communicated their intention to walk away from the deal.
The two Premier League clubs had agreed a deal in principle for 25-year-old Strand Larsen to move to Selhurst Park.
That was subject to Palace tabling a written formal offer for the Norway forward, which Wolves would have accepted.
However, that offer, which was expected to arrive on Thursday, is yet to be received - and sources indicate Wolves have been informed Palace no longer want to proceed with the deal.