After weeks of speculation, a deal between Melbourne Victory and former Chelsea star Michael Essien has fallen through.

In the past 48 hours it looked as though a deal would be reached between the two parties with the help of Football Federation Australia (FFA), as they were keen to help the Victory secure the midfielder under the new guest marquee rule.

However, recent reports have indicated that a number of unpaid fees to Essien from former club Panathinaikos have not been resolved for some time, and it's believed it's the main reason behind the Ghanaian not signing.

A Melbourne Victory spokesperson confirmed to the Herald Sun on Thursday that the 33-year-old Premier League and UEFA Champions League winner would not be making the move down under.

“As it stands, Michael Essien won't be joining Melbourne Victory as a guest marquee in the 2016-17 season.”

“The club has been in constant discussions with Michael and his representatives, but due to some personal issues, Michael has unfortunately decided not to move to Melbourne.”