The group that owns Malvern Hills College has said they are still trying to finalize talks that could save the college.
We previously reported how a benefactor stepped in to buy the website, which closed earlier this summer.
Now, WCG, which owns the website, has stated that they are not quite ready to close the deal just yet.
A spokesman said: “We have received two offers for the site, but these have not progressed at the stage we were hoping for and discussions with those involved remain challenging.
“The Education and Skills Funding Agency (ESFA) has determined that there is no functional need for a college offering federally funded courses for 16-19 year olds in Malvern, and we are continuing discussions with the Malvern Hills County Council the agreements on the website.
“We met with a variety of stakeholders, including MP Harriet Baldwin, to move things forward.
“We recognize that local sentiments are valued, but our board of directors has a duty to ensure we get a deal that adequately reflects the value of the site.
“We have said from the start that this was a very difficult decision to shut down Malvern Hills College and a decision that was made after we had exhausted all possibilities.
“It was very disappointing that we misrepresented the facts surrounding this decision and the possible sale of this website.
“We will continue to provide factual updates, as we committed last November.”
WCG, which has locations in Worcestershire and Warwickshire and offers courses at the Malvern Hills Science Park, has had to shut down Malvern Hills College after receiving subsidies for the past five years.
Malvern Hills College was only offering adult recreational courses after moving professional courses to its Evesham location.
WCG has spoken to community-led stakeholders and the Malvern Hills County Council about a possible sale – but negotiations have not yet reached the stage where an imminent sale is likely early next academic year.
Residents, councilors and academics launched a campaign to try to save the college after it was announced that it would close late last year.
We previously revealed how Colin Kinnear turned out to be the benefactor behind a £ 1.2 million plan to save the college.
Mr Kinnear is the founder of the Bransford Trust, which supports the arts and education of young people in the Worcester area and donates around £ 500,000 annually to a variety of causes.