Beckham's current LA Galaxy contract expired on 31 December David Beckham has decided not to join Paris Saint-Germain for family reasons, according to reports in France.
The former England captain, 36, had been widely linked with a move to the Qatari-owned French club but could now extend his spell in the United States with Los Angeles Galaxy.
"It's over. It's a shame," PSG sporting director Leonardo told L'Equipe.
"But the welfare of his family in LA, the wish not not to change everything in his life, weighed heavily."
Beckham has been weighing up his options since helping LA Galaxy win the MLS Cup with a 1-0 win over Houston Dynamo.
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Joining PSG would have resulted in the midfielder joining forces again with newly appointed PSG manager Carlo Ancelotti and sporting director Leonardo, having worked with both men at AC Milan during loan spells in 2009 and 2010.
But, as BBC Sport revealed last week, the former Manchester United and Real Madrid star looks like remaining in the US following discussions with his family and business partner Simon Fuller.
It is understood Beckham's wife, Victoria, and four children feel settled in California and are happy to stay.
Beckham's contract with Galaxy expired on 31 December but the club and Major League Soccer (MLS) have now offered him a one-year rolling deal.
Crucially, the new contract would include dispensation for Beckham to be a part of the Great Britain football team at the 2012 London Olympics, should he be selected.
