Roy Keane has turned down a three-year contract worth £4 million to manage Turkish side Kasimpasa.
Newly-promoted Kasimpasa have substantial wealth and had expected Keane to accept the deal, with the club's vice president, Hasan Hilmi Oksuz, having announced that an agreement had been reached.
However, ESPN has been informed that the former Sunderland and Ipswich manager has decided against heading to Turkey after discussing the matter with his family. "He spent two days out there and was tempted by the move to Istanbul but has decided against it," a source said.
Keane could be tempted by the chance to lead Blackburn Rovers, who are yet to identify a successor to Steve Kean.
ESPN has been informed that there has been no approach from Blackburn at this stage but that he is likely to be under consideration when the club draw up a shortlist for the new manager after the weekend.
Keane, currently working as a TV pundit, is eager to return to management after leaving Championship side Ipswich last year.