Sky Sports understands Harry Redknapp has ruled himself out of the running for the Nottingham Forest job following the sacking of Steve Cotterill.
The Championship outfit, who are now owned by Kuwaiti businessman Fawaz Al-Hasawi and his family, parted company with Cotterill earlier on Thursday after less than a year at the helm.
Redknapp, who was axed by Tottenham last month after three-and-a-half years in charge, was immediately installed as one of the leading contenders for the role by bookmakers.
But the 65-year-old, who is close friends with Cotterill and has acted as something of a mentor to him throughout his career, will not be making the move to the City Ground.
Redknapp has admitted that he respects the club, which he feels has a great tradition, but was keen to stress that it is not a job for him.
The former Portsmouth and West Ham boss has emerged as a candidate for the Russia post, with his name included on a 13-man shortlist to replace Dick Advocaat, who stepped down after Euro 2012.
Redknapp was widely expected to be named as Fabio Capello's replacement as England manager earlier this year, but the Football Association instead elected to appoint Roy Hodgson.
Peterborough manager Darren Ferguson is the favourite to replace Cotterill at the City Ground, with Alex McLeish, Mick McCarthy, Roy Keane and Neil Warnock also in contention.
Who should be the new Nottingham Forest manager?
Sven Goran Eriksson