Parma's future was plunged back into uncertainty on Tuesday after an unnamed bid to buy the club was declared invalid by administrators.
Administrators acting on behalf of Parma have confirmed the unnamed bid made for the club on Tuesday did not meet auction rules.
After weeks of uncertainty over the club's future there appeared to be some light at the end of the tunnel with the announcement an offer had been made, however that has since been declared void.
Parma was originally put up for sale in April with a value of 20 million dollars, however that figure has been reduced on a number of occasions due to a lack of bids.