Tottenham Hotspur manager Mauricio Pochettino's hopes of signing the man dubbed the 'Dutch Cristiano Ronaldo' have taken a blow after it emerged on Friday that Depay has signed a contract extension keeping him at PSV until 2018.
Despite it being late in the transfer window, many thought that a move to Spurs might materialise after reports came to light earlier this week that Depay was refusing to sign a new contract until after the deadline.
But the Eredivisie side have dashed any remaining hope after congratulating the player on their official Twitter page for extending his deal.
The highly-rated winger also revealed his delight at his new contract: "I am pleased that we have achieved a breakthrough and I have extended with the club.
"I want to develop myself in this team, which last season embarked on a plan for success. I want to play for trophies and make myself important for the team."
Depay impressed for Louis van Gaal's Netherlands team during the World Cup, and scored two goals in four appearances as the Dutch finished third in the tournament. His performances in Brazil saw him linked with a number of European giants, namely Spurs and Manchester United.
He is being regarded as PSV's key player this season and couldn't have wished for a better start to the season, having scored five goals in PSV's first three games in all competitions.