Prime Minister David Cameron's effort to reach a deal with the European Council's President Donald Tusk failed when the latter said there has been no deal on their latest meeting, BBC reports.

According to the news outlet, Tusk has asked for a 24-hour extension in order to deliberate more on the U.K.'s conditions and whether they will be drafting a certain agreement or not.

Cameron, in his meeting with Tusk, suggested not giving EU immigrants any in-work benefits until they reach four years in the country. Cameron proposed that denying them of these benefits is an option to stop the surge of immigrants in the country.

With no clear deal on his proposal, Cameron believes that the immediate implementation of the "emergency brake" deal that will cut off benefits of current EU works in the U.K. will eventually stop the influx. This has been recommended by the EU leaders as opposed to Cameron's direct request. Cameron also mentioned three other crucial issues during the meeting that he hopes to gain some sort of renegotiation.

Other than the issue of benefits, he also hopes that the UK will not be forced to join a bailout by providing a security that will not impose such actions to them. Stating that euro is not the only currency in the EU, such "safeguards" should also cover other EU members. He also expressed his country's disinterest on EU's "ever closer union" citing possible problems such as political partnership in the future.

The sovereignty of Britain has been highly given priority by the Prime Minister by suggesting that other EU should have the power to "block" unsolicited orders from the EU, the publication states.

Despite the "no deal" meeting between the two leaders, Cameron posted on his Twitter account, "A good meeting with #eucopresident, wjo has agreed to another 24 hours of talks before publishing the draft UK renegotiation text."

According to The Guardian, an early deal may lead Cameron to call for a referendum before the summer. If the "emergency brake" will be approved, this can be implemented immediately, provided that it will serve its purpose of showing significant slowdown on the influx of EU migrants to the U.K.

The negotiation, which will continue on Monday, will now be preceded by the U.K.'s representative to the EU, Ivan Rogers and Gordon Brown's former chief of staff Tom Scholar. With Tusk declaring his wish to proceed with the draft on Monday, Cameron said that he hopes that a deal will happen only if it's on the advantage of U.K.'s proposal.