Ralf Rangnick, Austria’s head coach, has declined the opportunity to take over at Bayern Munich.
The position will become available when Thomas Tuchel steps down in the summer.
Rangnick was thought to be close to joining the Bundesliga winners when Xabi Alonso decided to stay at Bayer Leverkusen.
However, he has suddenly reversed course.
Rangnick issued a statement on Thursday morning explaining his decision.
“I’m the Austrian team coach with all my heart,” he said. “I really enjoy this task and am determined to successfully continue on our chosen path.
“I would like to expressly emphasise that this is not a rejection of Bayern, but rather a decision for my team and our common goals. Our full concentration is on the Euros. We will do everything we can to get as far as possible.”
According to Bild, the 65-year-old’s decision leaves Bayern in limbo over who will step into their dugout next season.
Brighton manager Roberto De Zerbi and ex-Real Madrid boss Zinedine Zidane are among the bookmakers’ alternative frontrunners alongside Stuttgart’s Sebastian Hoeness and a potential return for Hansi Flick.
