Fulham will have to look elsewhere for a new manager after Martin Jol turned down the chance to return to the Premier League.
The former Tottenham boss has decided to stay in charge of Ajax after rejecting the opportunity to replace Roy Hodgson in the Craven Cottage hot-seat.
Jol had agreed personal terms with the Cottagers and club chief executive Alistair Mackintosh had travelled to Amsterdam to discuss a compensation package with the Eredivisie club.
However, the 54-year-old Dutch coach will not be heading back to England, where he spent three seasons in charge of Spurs before being sacked in October 2007.
"Ajax let me know they didn't want me to go and I don't think I can leave at this time," Jol told the Ajax's official website.
"I came here last summer to be successful, the build a good team and to have fun and those three things are what I am interested in achieving next season."
Fulham have been without a manager since Hodgson left to take over at Liverpool at the beginning of July.
Former England manager Sven-Goran Eriksson was previously linked with the vacancy at Craven Cottage alongside United States coach Bob Bradley and veteran German Ottmar Hitzfeld.