Manuel Pellegrini has turned down the chance to work with Pep Guardiola at Manchester City .
The 62-year-old Chilean was given his pick of the jobs within the City Football Group when it was announced in February that Guardiola would be succeeding him as boss this summer.
City have clubs in Australia, Japan and the United States, and are also looking to develop the CFG brand further in China and South America.
They wanted to tap into the expertise that Pellegrini has gained during a career that has seen him manage clubs in Chile, Argentina and Ecuador as well as Real Madrid, Villarreal and Malaga in Spain.
But Pellegrini wants to continue as a top-level manager – preferably in the Premier League.
Offers have been tabled from clubs in Spain, Russia, China and South America.
But there is also strong interest from England – and Pellegrini has told his agent that he wants to continue in the Premier League.
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Everton could be in the market for a new manager, with pressure growing on Roberto Martinez, while Quique Sanchez Flores will have his future at Watford assessed at the end of the season.
Pellegrini will now walk away from the Etihad with a £4million pay-off.
