The former Manchester United forward has been one of the main contenders to replace axed Alex McLeish, and met with the Midlands club’s chairman Randy Lerner last week.
However, after negotiations with the Norwegian club, Solskjaer has decided to stay with his current employers for ‘family reasons’, reports The Telegraph.
Former Villa winger Tony Morley feels that Villa need someone more experienced than Solskjaer however to lead them to a better campaign next season.
“This is probably the biggest decision Randy Lerner has made since he took over at Aston Villa. He can’t afford to get it wrong.
“He’s got to go for someone more experienced than Ole Gunnar Solskjaer. Solskjaer might go on to be the best manager in the world in 10 years time but he’s never managed in the Premier League.
“We need someone who’s been there before or managed in one of the top leagues in Europe. Unfortunately, Solskjaer’s just not got the experience we need,” he concluded.
Norwich’s Paul Lambert and Wigan’s Roberto Martinez remain potential candidates for the role.
By Gareth McKnight