Danny wants to stay
The former Perth Glory shot-stopper was to have played for the Gresty Road club for the first three months of the season, but will now stay at Elland Road while he decides his future.
"The Danny Milosevic deal has fallen through. He has had a rethink and will not be joining us," said a Crewe spokesman.
Milosevic spent time at Alex last season but his loan stint was cut short when he fractured his wrist on his debut.
Meanwhile, Harpal Singh is set to re-join Bury on loan. The 22-year-old had a successful loan spell at Gigg Lane during the 2001-02 season and has joined the club in time to be considered by Andy Preece for Thursday's friendly clash with non-league Eastwood Town.
Bradford-born Singh has a contract, which will keep him at Elland Road until 2005, and has also played on loan for Bristol City and Bradford City.
However it was with Bury that he enjoyed the most success, scoring three goals in 14 appearances for the Shakers