Barcelona forward Eidur Gudjohnsen will not be joining Bolton on loan, according to his father and agent.
But his father Arnor Gudjohnsen told BBC Sport: "Eidur isn't going anywhere.
"Both he and his family are settled in Barcelona. Eidur is hoping to win a trophy with the club this season and will think about things in the summer."
Gudjohnsen spent two years at Bolton between 1998 and 2000 before making a £5m move to Chelsea.