Burnley boss Brian Laws has accused Hearts of being stubborn over the asking price for Andrew Driver and has now ended his interest in the winger.
The Clarets have had two bids for the 22-year-old rejected by the SPL club, who are thought to want £3.5m up front.
Laws told BBC Radio Lancashire: "It's dead, they're being stubborn - it's too many things I feel uncomfortable with."
Burnley are keen to make a signing soon, with Preston's Ross Wallace and Cardiff's Peter Whittingham linked.
Laws has refused to confirm or deny his targets but said he hopes to have a left-sided player in by the end of the week.
"It's not just Driver," he said. "There are other players and we're waiting for those to fall into place.
"We're hoping to make rapid progress over the next 48 hours and we'll be happy with either one that we get.
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"A lot of clubs think, because we are fairly comfortable with money, they just pluck a number out of the sky and that's what we will pay.
"We are experienced people in football and we know the values of players and what we are comfortable with.
"We are not going to throw all the money we have away and the Driver situation was getting out of hand."
Burnley had this week offered £2.5m, potentially rising to £4m, for the former England Under-21 international.
However, Hearts rejected that, despite the Clarets having increased their previous £1.5m bid.
Driver this week returned to Scotland after undergoing an operation designed to end the tendonitis that restricted his appearances last season.
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