'Matador' starred Gabriel Luna as a DEA agent recruited by the CIA to go undercover as a professional soccer player.
Launched in July, first season had 13 episodes and was was created by Bob Orci and Alex Kurtzman, with Robert Rodriguez directing the opening hour, reporetd Deadline.
The drama, an expensive production shot in Los Angeles and backed by El Rey, reportedly did fine in its US run.
The series, described as a Latino take on 'James Bond', however, did not do as well as its producers had hoped internationally where its sales were soft despite a strong initial interest, leading to the decision not to proceed with season two.
"We want to thank everyone involved, from the extraordinarily talented cast and crew to the amazing production team. We appreciate all that they have done and look forward to the opportunity to work with them in the future," the statement read.
