Vitor Pereira has said he will not be taking the reins at Everton as the new Toffees manager, with the former Porto coach withdrawing as a potential candidate.
The 51-year-old is currently in charge of Chinese Super League side Shanghai SIPG and has confirmed his desire to stay with the team.
Speaking to Sky Sports, Pereira said he will not be moving to the Premier League in the near future.
"It's always an honour and I am utterly grateful to be considered on a list by a club that I have so much respect for.