The Portuguese wishes to stay in France, where he feels that he has only just started his role, so the Foxes may look to Guus Hiddink
Nantes head coach Sergio Conceicao has turned down the opportunity to take charge of Premier League champions Leicester City, Goal understands.
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The Portuguese coach’s reasoning for snubbing the King Power side surrounds his status as a relatively new appointment with the Ligue 1 club, having only taken charge of them in the middle of December.
Conceicao would have been an attractive option for Leicester, given his success in lifting the Stade de la Beaujoire side away from the worst of the relegation battle in France.