TORONTO -- Veteran forward Kevin Davies says he is not headed to Toronto FC.

Reports had suggested the 36-year-old Davies, who appears surplus to requirements with Bolton Wanderers of the second-tier English Championship, was close to joining the MLS club on a short-term deal.

Toronto FC manager Ryan Nelsen, who knows Davies, said Tuesday that any MLS team would like to have the veteran striker.

But Bolton captain Davies said in a subsequent statement that the move is off.

"It has been a complete roller-coaster since first speaking with Ryan Nelsen on April 18," Davies said, according to a statement in the Bolton News. "As it stands today I will not be leaving for Toronto FC, as reported.

"My young family and I were naturally very excited about the opportunity of going to Toronto on a short-term deal but after legal advice we felt that certain obstacles put in our way were too large to overcome."

Davies' contract runs out this summer and the club has told him he won't be getting a new one. The 10-year Bolton veteran has slipped from the bench to out of the match-day squad in recent weeks.

Davies called it "the toughest month" of his Bolton career but says he "will finish the season here and continue with my high standards as a professional footballer.

"I will be ready if the manager needs me and hopefully have a part to play in helping the club return to the Premier League."

It's the second forward that has eluded Toronto FC in recent days.

On Tuesday, Nelsen said the club had ended its pursuit of Argentine forward Maximiliano Urruti.

But the arrival of Argentinos Juniors midfielder Matias Laba is expected to be announced soon.

Urruti has been linked with Toronto for some six weeks but club officials appeared to have been frustrated in their dealings with his Newell's Old Boys side, which is undergoing financial issues.

Toronto has been looking for help in attack, where Robert Earnshaw has been carrying the load with help from Justin Braun in the absence of star striker Danny Koevermans, who is expected to return in June from knee surgery.

Andrew Wiedeman is an option off the bench.