Wolves manager Mick McCarthy has ruled himself out of the running for the vacant job of South Korea head coach.
McCarthy says he wants to stay with Wolves
The Korean Football Association claimed McCarthy and former Liverpool boss Gerard Houllier were the two main contenders for the post.
But Houllier has told BBC Sport he is not interested in the job.
And McCarthy said: "I was very flattered to be contacted but I have always been committed to the job at Wolves and I'm staying."
Chief executive Jez Moxey insisted that the club are satisfied with the job McCarthy is doing at Molineux and delighted that he has decided to stay.
He said: "He is totally committed to the club, the players, staff, supporters and the task at hand.
"When you have such a high-quality manager there is always going to be a chance that someone else will be interested in signing them.
"But we are pleased to confirm to our supporters that it's business as usual at Molineux."
The Korean FA is set to to make a decision by Saturday.
Korea have been searching for a new coach since July when Pim Verbeek stepped down after leading the Taeguk Warriors to third place at the 2007 AFC Asia Cup.
McCarthy has previous international experience after spending six years in charge of the Republic of Ireland and steered them to the second round of the World Cup in 2002, before taking over at Sunderland.
The 48-year-old parted company with the Black Cats in March 2006 with the club bottom of the Premiership and took over at Molineux four months later.
Wolves are currently sixth in the Championship, having won nine of their opening 20 league games this season.
Houllier, meanwhile, is available after leaving Lyon earlier this year.
The former Liverpool manager is France's technical director having spent two successful years in charge of Lyon.
The 60-year-old has also been linked with the England job.