Director of Football, Barry Fry, has revealed that Posh were interested in the 24-year-old striker but The Railwaymen's £1million price tag has ended any possible deal being concluded.
"We have made some enquiries and Zola is a player we asked about," Fry told the Peterborough Evening Telegraph.
"I spoke to Dario Gradi at Crewe to see whether they were willing to sell and what the price would be.
"He told me £1million so I wished him good luck for the rest of the season and put the phone down!
"That is not going to go anywhere.
"It is no secret we are looking to bring in a forward and we do have a few irons in the fire."