Shunsuke Nakamura will be staying at Scottish giant Celtic for the rest of the season, the BBC reported Tuesday.
According to the online report, Nakamura's agent Roberto Takuda left Glasgow on Monday after telling Celtic that the player's former J. League club Yokohama F. Marinos would not now be putting forward a bid for the 30-year-old playmaker.
Nakamura, whose contract expires in the summer, looked set to return to his first club Yokohama in the January transfer window, after F. Marinos' parent company Nissan reportedly put together a £3 million ($4.4 million) bid.
However, the automobile manufacturer has been hit hard by the credit crunch and now looks likely to wait until the summer to sign Nakamura when he becomes a free agent.
Nakamura said earlier this year he would like to return to Japan for the sake of his family and his international career.
Nakamura began his professional career with Yokohama in 1997 and joined Italian club Reggina in the summer of 2002. He moved to Scotland before the 2005-2006 season and has since been pivotal in Celtic's largely successful campaigns in the domestic league and other competitions the last three seasons.