That is the opinion of BBC Sport reporter Phil McNulty.
Barkley was very close to joining Chelsea earlier this evening, but at the 11th hour, walked out of a medical.
A fee of £30million plus add-ons had been agreed for the England international, who is currently sidelined with a hamstring injury.
And while accepting the story was strange, McNulty reckons the Blues will try to go after the midfielder again in the New Year.
“Ross Barkley’s transfer to Chelsea was all but done,” McNulty said.
“The fee was agreed between £30m and £35m and personal terms had been settled.
“He was conducting his medical when his agent contacted Everton to say he had changed his mind and wanted to reconsider his options in January.
“He won’t be playing much before December anyway and I’m sure it will be revisited in the New Year.
“It certainly is a strange situation.”
Tottenham were also chasing a deal for Barkley, but cooled their interest in the final stages of the window.
Sky Sports pundit Paul Merson couldn’t believe a deal fell through and he said: “I’m lost for words. You’re going to the champions, he’s going to play with Hazard, Willian, and he’s going to play!
“They haven’t got the biggest squad. I’d like to hear the full story, but I’m shocked.”
Meanwhile, the Blues are edging ever closer to a deal for Leicester star Danny Drinkwater even though the transfer window has now closed.