Chelsea have failed to finalize a deal to sign midfielder Arsen Zakharyan from Dynamo Moscow before the summer transfer window closes.
Chelsea have been in talks with the Russian club for the past week and say they are ready to pay Zakharyan’s €15million (£12.6million) release clause.
However, complications have arisen with Chelsea’s payment to the Russian club due to the sanctions in place.
Sacharyan, who was voted Dynamo Moscow’s player of the year for the last two seasons, will now stay with the Russian club until at least January.
“On August 25, Dynamo FC received an offer from English football club Chelsea to transfer midfielder Arsen Sacharyan,” Dynamo Moscow said in a statement.
“The interest of one of the strongest clubs in the world to graduate from our club academy is a high appreciation of the quality of Dynamo’s training of young footballers and Arsen’s playful development.
“There were factual negotiations between Dynamo and Chelsea for several days, in which our club took a constructive position. However, due to a number of technical reasons beyond our control, it is not possible to transfer the player into this summer transfer window.
“Nevertheless, our club remains open to suggestions that suit Dynamo and the player. At the moment the parties have decided that Arsene will continue to play for Dynamo.’
Zakharyan’s agent Rafaela Pimenta told Russia’s Sport Express: “Today it is impossible to complete Zakharyan’s transfer in the summer transfer window.
“This transfer is not frozen until winter, but it is possible. Now we are still working to ensure that Dynamo can receive the money from Chelsea.’
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