Pep Guardiola has turned down the opportunity to become Italy's next national team manager, opting instead to take a break from football following his departure from Manchester City.
The Italian Football Federation (FIGC) had identified Guardiola as one of its top targets after the Spaniard ended his 10-year spell at Manchester City earlier this summer.
Earlier this week, FIGC president Giovanni Malagò confirmed discussions had taken place with Guardiola, revealing the federation was even prepared to make financial "exceptions" to secure his appointment.
Italy reportedly offered Guardiola significant freedom to shape the role as he saw fit, while also being willing to meet his salary demands in an effort to attract one of the game's most decorated managers.
Despite the offer, Guardiola has informed the FIGC that he intends to stick to his original plan of stepping away from coaching.
The 55-year-old plans to use the break to rest, spend more time with his family and travel after a decade of success with Manchester City.
FIGC technical director Paolo Maldini revealed on Thursday that Italy's first choice had been Carlo Ancelotti, a former Italy international who is currently managing Brazil.
Ancelotti has committed to remaining with the Brazilian national team, leaving the federation to explore alternative candidates.
With both Ancelotti and Guardiola out of the running, Andrea Pirlo has emerged as the leading contender for the Italy job.
The former Italy midfielder is currently head coach of Dubai-based United FC and could soon be handed the task of reviving the Azzurri after a difficult period on the international stage.
Italy have failed to qualify for the last three FIFA World Cups, and the new manager will immediately face a demanding schedule.
The Azzurri are set to compete in a UEFA Nations League group featuring France, Belgium and Turkey before beginning their Euro 2028 qualifying campaign.