Bournemouth manager Eddie Howe has rejected the opportunity to talk to Peterborough following an approach from the Championship strugglers on Tuesday night.
Howe, the youngest manager in the Football League at the age of 31, emerged as the favourite to replace Darren Ferguson at London Road after the former Manchester United midfielder left the club by mutual consent.
Peterborough director of football Barry Fry contacted the League Two leaders' operations director Neill Blake to request permission to speak to Howe and his assistant Jason Tindall, but Cherries chairman Eddie Mitchell met with the duo on Wednesday and revealed that they were committed to the League Two club.
"I met with Eddie and Jason this morning after letting them know of the interest late last night," Mitchell told the Bournemouth Echo. "Eddie, Jason and myself were all very flattered that somebody had taken the trouble to approach us.
"But the circumstances are that Eddie and Jason are keen to see us progress and want to stick with us. Eddie has taken the Peterborough guy's number and has contacted him to says thanks for the interest but that, at this moment in time, both he and Jason are dedicated to working with AFC Bournemouth."
Howe took over at Dean Court in January and ensured the Cherries avoided relegation before leading them to the top of League Two this season.