French first division club Bayonne have pulled out of talks with dumped Wallabies winger Lote Tuqiri because of his "latest financial demands".

"Following the latest financial demands of Lote Tuqiri, Bayonne have decided to bring talks with the Australian player to an end," the Top 14 club said in a statement.

The 29-year-old Tuqiri was last month cut by the Australian Rugby Union halfway through a five-year contract reportedly worth $US588,000 ($A681,937) a year for undisclosed reasons.

The 67-Test veteran winger came to France at the end of August to discuss a possible contract with Bayonne and also the Paris-based Stade Francais.

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