Austria head coach, Ralf Rangnick, has snubbed the chance to take over at Bayern Munich.
The role will be vacant when Thomas Tuchel steps down in the summer.
Rangnick was believed to be close to joining the Bundesliga champions, after Xabi Alonso opted to remain at Bayer Leverkusen.
But he has now made a u-turn.
Rangnick released a statement on Thursday morning to explain his decision.
“I’m the Austrian team coach with all my heart,” he said. “I really enjoy this task and am determined to successfully continue on our chosen path.
“I would like to expressly emphasise that this is not a rejection of Bayern, but rather a decision for my team and our common goals. Our full concentration is on the Euros. We will do everything we can to get as far as possible.”
According to Bild, the 65-year-old’s decision leaves Bayern in limbo over who will step into their dugout next season.
Brighton manager Roberto De Zerbi and ex-Real Madrid boss Zinedine Zidane are among the bookmakers’ alternative frontrunners alongside Stuttgart’s Sebastian Hoeness and a potential return for Hansi Flick.