Portsmouth aren't giving up on Liverpool winger Jermaine Pennant.
The Times says Pennant has turned down a permanent move to Portsmouth, who had agreed a fee with Liverpool, and the South Coast club are now considering trying to take the winger on loan.
Pennant is out of contract in June and would prefer to move on a free transfer then.
Portsmouth chief Peter Storrie has revealed they're "very, very close" to landing Liverpool winger Jermaine Pennant.
"We are trying our very best to bring players in,” Storrie told the Portsmouth News. “As far as Jermaine is concerned, it's very, very close – as we are with one or two others.
“It was only ever going to be a loan or short-term permanent deal. He is a free agent at the end of the season and he doesn't want to give up those rights.
“Whether it is a contract until the end of June or a loan, it's a bit irrelevant.”
The right winger had been linked with Real Madrid, AC Milan and Hull. But he has decided to move to south coast to join old Arsenal team-mate Tony Adams.
Pompey boss Adams said: "I’ve known him a long time. "We were together at Arsenal a long, long time ago. He was the new kid on the block and a very exciting prospect.
“He’s quick and technically very gifted. He can have a go at defenders. “I saw him play with Peter Crouch for Liverpool at Fulham last year and was constantly getting past their left-back and getting crosses in for Crouchie.
“That’s a good combination that I wanted to put back together. “He’s going to put some good crosses in and hopefully weigh in with a few crosses himself.”
First real... then ac...now portsmouth. 
Liverpool winger Jermaine Pennant has made the move to Portsmouth on loan.
The 26-year old will link up with Pompey boss and former Arsenal star Tony Adams whom he spent time with at the Gunners.
Pennant rejected a permanent move to Fratton Park but instead will play in Portsmouth colours until the end of the season.
Adams said he is excited about the move and looking forward to seeing the old Liverpool partnership of Pennant and Peter Crouch reunited.
"I've known him a long time," Adams told the club's official website.
"We were together at Arsenal a long, long time ago. He was the new kid on the block and a very exciting prospect.
"He's quick and technically very gifted. He can have a go at defenders.
"I saw him play with Peter Crouch for Liverpool at Fulham last year and was constantly getting past their left-back and getting crosses in for Crouchie.
"That's a good combination that I wanted to put back together.
"He's going to put some good crosses in and hopefully weigh in with a few goals himself."
Originally posted by omgukilledkenny:First real... then ac...now portsmouth.
I think its because Portsmouth offered him the best personal deal I guess and it helps having Tony Adams there...
Pennant looks like he isn't interested on a move to another club permanantly at this moment... It seems like he wants to run down his contract and leave Pool as a free player...
Being a free player, there are many advantages... Firstly, he will be due a sign-on fee, all the money to himself and secondly, most likely he would get a better salary than a player sign with a transfer fee... Thats why he seems only interested moving on a loan deal... and even rejected Real Madrid's offer...
lolx Wigan dun wan liao? Walao Go Portsmouth Loan not perm?
Originally posted by Scania N113CRB l0v3r:lolx Wigan dun wan liao? Walao Go Portsmouth Loan not perm?
Of course loan lah, permanant where he can earn extra $$$. If he wanted permanant deal he would have gone to Real Madrid liao... 
Now he is waiting to get his big sign-on fee in Jun / Jul...
a BOSMAN in the upcoming summer