Stefano Pioli will be staying in charge of Milan after signing a contract extension with the Serie A club.
It was expected Pioli would be replaced by Ralf Rangnick, who had been in talks with the Rossoneri about a deal that could have seen him become head coach and effectively sporting director.
However, Rangnick's representative confirmed on Tuesday that talks had been called off because "it is not the right time at the moment and there is no momentum for working together". Marc Kosicke also pointed to "the good development and results under Pioli" as a reason for the move not taking place.