Reports linking former England boss Sven-Goran Eriksson with Benfica have been dismissed by the Swede's agent.
Eriksson guided England to the last eight in this summer's World Cup
Businessman Carlos Alberto Quaresma is in the running for the Lisbon club's presidential elections this month and has pledged to appoint Eriksson, 58.
But agent Athole Still said: "Sven is forever being linked with jobs and most of the time it is speculation. This time there is definitely nothing in it.
"Sven and I have had absolutely no contact at all with Quaresma."
Eriksson has had two previous spells at Benfica, who are in the same Champions League group as Manchester United and Celtic.
Quaresma, 51, claimed: "I will win and Eriksson will be my coach. It is a place where he has some great friends."
Eriksson took charge of Benfica for the first time in 1982.
He had an immediate impact at the Stadium of Light - winning the title in his first season and taking the club to the Uefa Cup final.
It's the same as when anyone is entered in these elections - they make promises to get them elected and they mention a few names to get some hype
Another title followed in 1984 before Eriksson moved to Italy and AS Roma but he was back in the Portuguese capital in 1989 and led the club to the 1990 European Cup final and a third championship win in 1991.
Benfica have since claimed only two titles and are currently ninth in their domestic league after a slow start to the campaign.
And manager Fernando Santos has seen his side pick up only one point in the Champions League.
After losing at home to Manchester United they now face consecutive matches against Celtic.
Eriksson has been out of work since England were knocked out of the World Cup at the quarter-final stage in July.
Still added: "It's the same as when anyone is entered in these elections - they make promises to get them elected and they mention a few names to get some hype.
"Sven could return to football next week, you never know.
"At the moment we are not holding discussions with any clubs but Sven is happy to bide his time and wait for the right job."