Portsmouth face missing out on free agent Shabani Nonda.
The released Galatasaray striker has been in talks with Pompey about a deal to the end of the season.
However, the Premiership club's cash problems has seen talks stall, which has left the door open to Racing Santander.
Racing have already made contact with Nonda's minders about a move to Spain, but will face competition from Segunda Liga Real Betis.