Marius Zaliukas has rejected an offer from Rangers as he gets set to pursue other options.
The former Heart of Midlothian captain had been training with 'Gers earlier this month but has opted not to take them up on their proposal and will continue his search for a new club.
Rangers boss Ally McCoist suggested an agreement for the Lithuanian had now fallen over.
"Sadly that deal has gone dead at the moment, and I think Marius has one or two other options," he told the club's official website.
"(Chief executive) Craig Mather effectively put an offer to him which wasn't met, so we're just about closing that one off at this moment in time."
