López says no
Unai López has rejected Olympiacos and will renew with Rayo Vallecano, according to Onda Cero (5). The Spanish midfielder was a personal recommendation from José Luis Mendilibar, but the deal is now dead.
Cancellieri back in the frame
With López off the table, Olympiacos are revisiting Lazio midfielder Matteo Cancellieri (1). The Italian would cost around €7m, but the club are hoping to negotiate that down. Roma, Hellas Verona, Empoli, and Parma are also tracking him.