Despite an offer well in excess of $1 million per season, Fornaroli will not make the move north from Melbourne City with the club adamant they would not give their star striker a mutual termination of his contract.
Sydney FC captain Alex Brosque is expected to be moved under the salary cap this season with the Sky Blues ready to splash the cash to find an answer for its troubles in front of goal.
Fornaroli joined City on a two year deal at the start of last season but after his career-best form is looking for a new lucrative contract as a marquee or at options abroad.
The striker is part of the club's squad within the salary cap with discussions ongoing but Fairfax Media reports negotiations have hit a hurdle.
While it is believed Melbourne City has upped its initial offer of $700,000 to $1 million, Fornaroli’s demands are reported to be $2.7 million per season.
While open to a move to Asia, Fornaroli has yet to attract a firm offer outside of Australia and Melbourne City has been steadfast in its refusal to sell the front man to another A-League club.