Stuart Pearce is still in talks with Nottingham Forest about becoming the club's new manager.
Pearce, who was captain for most of his 12-year playing career at the club, had originally turned down the job when he was approached last week following Billy Davies' sacking after 13 months in charge.
The former England Under-21 manager citied family reasons for declining the role at first but he told talkSPORT that discussions were still ongoing.
"I'm still chatting with Nottingham Forest," Pearce said.
"That will continue. That's the best I can say at the moment.
"Forest have always been well supported whatever league they've been in,
there's a rich history there.
"It's a great club and one that's very close to my heart."
Pearce made over 400 appearances between 1985 and 1997 for the club and won the League cup twice there, first in 1989 with a 3-1 win against Luton and then again the following season with a 1-0 victory over Oldham Athletic.
He also had a brief stint as caretaker manager in 1996. Frank Clark resigned as manager in the December when the club were bottom of the Premier League.
Pearce won his first game at home to Arsenal 2-1 and then went on to be named Manager of the Month for January 1997 before Dave Bassett took over in March.
Nottingham Forest are currently seventh in the Championship table, just two points off Reading in the final play-off spot.
They have not won in their last nine league fixtures, picking up just four points and the results included a 5-0 defeat to East Midlands rivals Derby County.