The Brazil international, 29, saw a move to West Ham collapse as he waited at Rio Airport to fly to London, says The Sun.
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The Hammers pulled out of a deal with Botafogo in order to sign Mads Hermansen from Leicester City.
Despite the setback, Victor still has hopes to continuing his career in England this season.
Botafogo are eager to help Victor with his dream and have made him available in a loan-to-buy arrangement before the September 1 transfer deadline falls.