Ryan Reynolds won't be part of the new ownership group of the Ottawa Senators, as the actor's bid for the club isn't moving forward, reports ESPN's Emily Kaplan.

Reynolds' request for an exclusive window to finalize the deal was declined, adds Kaplan.

The "Deadpool" star was aligned with a bid from real estate mogul Christopher Bratty's Remington Group. The consortium was reportedly prepared to offer $1 billion for the team, which Forbes valued at $800 million in December.

Two more celebrities - Snoop Dogg and The Weeknd - recently joined the pursuit to purchase the Senators.

The deadline for interested parties to submit final offers is Monday.

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