Rhodes had agreed personal terms and a medical with Middlesbrough, but the deal fell through at the last minute. And the 25-year-old striker is now set to remain with Blackburn for the rest of the season.
"I'll knuckle down and get my work head back on at Blackburn,” Rhodes said. "It's a great club”
Middlesbrough were believed by Sky Sports to have agreed an £11 million fee to sign the Scotland international from Blackburn.
However, Boro chairman Steve Gibson pulled the plug on the transfer, after deciding that it was simply too expensive - according to the Gazette.
Boro are now likely to have to act quickly if they are to sign a new striker before the January transfer deadline.
Blackburn, meanwhile, had appeared to sign Rhodes’ replacements in Danny Graham and Tony Watt, but they will be boosted by the news that their top scorer is set to stay until the end of the season at the very least.