The Swansea City Chairman was looking to tie up a deal to bring Soriano to the Liberty for next season after discussions with Barcelona.
Those talks have led to the Chairman believing at the moment that the terms are not to the Swans liking as he explained to the official website "Nothing has been concluded
"We were prepared to offer the player an opportunity to join our squad in our first season in the Premier League, but we were not happy with the terms of the deal to suit Swansea City Football Club.
"We continue to look at all of our options."