The same source claims that the French club just couldn’t meet the demands of the veteran midfielder despite the backing of rich owner Dimitri Rybolovlev.
Monaco executive general manager, Tor-Kristian Karlsen had met David Beckham and his representatives earlier this month and was informed the player would consider a move to France under certain conditions.
However, as the two parties failed to reach an agreement, the French club decided to turn their attention to other targets.
Given that club officials believe Monaco would have no problems gaining promotion to the top flight, they will wait until the summer before stepping up their interest in a number of targets.
Monaco currently sit in the second place in Ligue 2 standings, one point behind leaders Nantes, but three points clear of their rivals for a promotion place.