Antonio Conte has ruled himself out of the running for the Real Madrid managerial post, according to a report in Sky Sports News.
The Italian had been favourite to replace Julen Lopetegui, who was sacked on Monday, was reported to have reached an agreement with Chelsea to terminate his contract at the club.
Conte still had one year remaining on his contract at Stamford Bridge despite being relieved of his duties this summer meaning Chelsea would be owed €10.8m should he be appointed elsewhere.
However, negotiations are said to have stalled in recent days due to the unwillingness from Los Blancos to bring in many of Conte’s staff, including a fitness coach and goalkeeping coach.
Other reports have indicated that the former midfielder’s appointment was vetoed by Madrid’s dressing room, under the instruction of captain Sergio Ramos.
Santiago Solari has been appointed Madrid Coach on an interim basis but La Liga rules dictate this period can only last two weeks before a permanent appointment be concluded.