Bolton boss Neil Lennon revealed earlier this month that he was trying to bring in a new player to try and help lift his side out of their poor run of form and he had targeted a move for Dutchman van La Parra.
The 24-year-old came close to leaving Wolves during the summer transfer window with a move to Leeds United, but the switch fell through at the last minute.
Van La Parra, who joined Wolves in the summer of 2014 from Heerenveen, was a regular in Kenny Jackett's side last season, but he has dropped down the pecking order since the arrival of Nathan Byrne from Swindon Town.
The flying winger has made just three starts in the Championship and Jackett was willing to loan him so that he can get some valuable first-team action under his belt.
A deal had been agreed between Bolton and Wolves for van La Parra to move to the Macron Stadium on a short-term basis, only for Bolton to end their pursuit of the player at the last minute.
“It’s fallen through at Bolton’s end," said Jackett, quoted by the Express and Star. "I’m not sure of the exact reasons but it seems to be financial.
“It’s a shame. It’s one of those we were certain would happen.”