Harry Redknapp has described managing Chelsea as "the dream job for somebody", but is not interested in leaving Spurs to take the helm at Stamford Bridge this summer, while Germany coach Joachim Low has brushed aside speculation.
Instead, Redknapp, who has guided Tottenham back to the Champions League places this season and has been strongly linked with the England role since the departure of Fabio Capello, could see former Chelsea manager Jose Mourinho lured back for a second spell at the club.
"It's a great job for somebody, that's for sure," Redknapp said. "It's a club that you can win a championship at because the owner has spared no expense, he's got the most incredible training ground, they've got top players.
"It's a dream job for somebody to go and make a success of it, whoever they take."
Low refused to expand on speculation linking him with the vacancy at Chelsea. A report in a Swiss newspaper claimed Low had met with Chelsea owner Roman Abramovich in a Geneva hotel to discuss the possibility of the 52-year-old replacing Andre Villas-Boas, who was sacked as manager on Sunday.
The west London club denied any such meeting took place and Low, who is in Geneva fulfilling a commercial obligation with German Football Federation sponsors Mercedes-Benz, today declined to discuss the issue.
He said in Bild: "I have a contract as national team coach until 2014. The European Championships start in three months and everyone knows my goal. I see no reason for me to comment on media speculation.''
Andre Villas-Boas became the eighth Chelsea manager to leave Stamford Bridge in the nine years since Roman Abramovich took over at the club, and Redknapp believes that is simply the cut-throat nature of life at one of the most ambitious clubs in the world.
He said: "It's unfortunate to see someone lose their job but Roberto Di Matteo's taken over and he's experienced - he did a great job at West Brom when he was there - so it'll be interesting to see how he will get on there.
"So many people would love that job, and the chance to work at a great club with the backing that the manager gets there, but you've got to make a success of it, that's the rules. If you don't then you're not going to last. But if you do well, the sky's the limit. It's a great job for somebody."
That somebody will not be Redknapp, however, with speculation about his future already rife with rumours of an exit from White Hart Lane to coach the national side.
"That's all I need, yeah!" said Redknapp when asked about his own name being linked with the Chelsea role. "It would be difficult - I wouldn't be able to come back to North London, so no, I'll pass on that one."
Mourinho currently heads the bookmakers' odds to take over at Chelsea in the summer, and Redknapp would welcome the return of the Portuguese in the Premier League.
"He's fantastic, he was a character and great at his job, no doubt about that. You don't go to Inter Milan and win the Champions League, knock out Barcelona, and now you look at Real Madrid. I just thought he was an amazing guy, great personality, and you wonder if he would come back here.
"It'd be difficult to give up a job like Real Madrid, that's for sure, but we know that Chelsea's maybe the one club that could tempt him."