Jose Mourinho has turned down a stunning £88m (€100m) contract to manage a club in China, SkySports reports.
It was said that Guangzhou Evergrande were willing to pay the former Manchester United and Chelsea boss £28m a season with bonuses.
If Mourinho had accepted the offer, it would have been the biggest managerial offer in world football.
The Portuguese was pictured meeting Xu Jiayin, the billionaire chairman of the Evergrande group in London, when they discussed a potential move.
Despite declining the offer, the meeting with Jiayin was good-natured with Mourinho flattered by the interest.
Mourinho wants to continue his career in European football and is aspiring to win his third Champions League and his ninth league title in different countries.