Alessandro Del Piero has rejected a move to AC Ajaccio according to the French club.
The Italian striker was in talks with L'ours regarding the potential to play under former Juventus teammate Fabrizio Ravanelli in Corsica but has opted to remain with A-League club Sydney FC for the 2013/14 season.
"For several weeks now, the club has been in advanced talks with the famous Italian striker Alessandro Del Piero. Aged 38 and currently a Sydney FC player, the striker won't come to AC Ajaccio after all," read a statement on the club's official website.
"After finding an agreement in principle, Alessandro Del Piero has decided to continue his adventure in Australia for family reasons."