I haven't done this quest myself, but I checked Alla and saw this post:
| Originally Posted by Jcsx |
| Don't stand on the little circle just target [???], then click it. Ring obtained. After you get the item, then stand on the circle, target, click to drop down again so you can get out. I went back to talk to Kohlo and got cutscene. I went to the House of Heros but nothing happened. Back to Kohlo and got club and title. Good luck! |
I don't know exactly what he means by "little circle", but maybe you do since you've been there.
Also, some players mentioned they had gotten the Ring before they got the quest. Is it possible you already have the Ring?