On-demand streaming service Netflix had been interested in picking up the show, but two industry insiders have told TV Guide that negotiations with 20th Century Fox Television have not worked out.
> 'Terra Nova' is very ambitious, say Fox execs
One source has claimed that the talks broke down because international buyers may have been concerned about the lack of mainstream television or cable network support for the show.
Terra Nova - which counts Steven Spielberg and 24's Jon Cassar among its team of executive producers - was originally commissioned for a 13-episode run, but Fox cancelled the show earlier this month, hoping that taking the decision early would encourage another network to pick up the programme before the start of the next TV season.
Actress Shelley Conn told Digital Spy last year that she was hopeful Terra Nova would be recommissioned, saying: "We're so invested that it would break my heart if we didn't get another chance at this.
"I just think everybody's worked so hard and we've created something that deserves to be continued."
> 'Terra Nova' poll: Should the Fox dinosaur drama have been axed?