Olazabal has played for Europe in seven Ryder Cups
Jose Maria Olazabal has revealed he has not been offered the European captaincy for the 2010 Ryder Cup to be held at Celtic Manor in Wales.
The 42-year-old Spaniard is Nick Faldo's vice-captain for this year's showdown against the US in Kentucky.
He has spoken to Thomas Bjorn, chairman of Europe's players' committee, but he insisted: "The job was not offered."
The two-time Masters winner, who missed this year's cut, said: "We had a chat, but the job was not on the line."
Persistent problems with rheumatism cut short Olazabal's 2007 season and there was speculation his health might lead to him taking on the Ryder Cup captaincy role next time rather than later in his career.
But he added: "The information about the offer of the captaincy is not completely accurate.
"I'm 42 and if I didn't think I can play in two years' time I should not be here.
"If I get healthy I still think I can play some golf. There is no rush. We have a lot of time ahead."
Sandy Lyle has long declared his interest in being in charge at Celtic Manor and was asked in Augusta how he would feel if he was overlooked.
The 50-year-old said: "I have no idea. If it's happened, it's happened. I'm not going to lose sleep about it.
"But 2010 would be my last opportunity. I would not accept it in four years' time - too old."
The Scot thought the job might go again to Ian Woosnam because it is being held on Welsh soil for the first time.
But Lyle admitted he was still interested in the captaincy himself.
He added: "If they don't select me I'm not going to go around stamping my feet. It's a nice honour, but things will go on."
Olazabal was named by Nick Faldo last May as an assistant for September's match in Kentucky, although he said his priority was to try to play his way onto the team.
Colin Montgomerie appears a certainty for the position when the match goes to Gleneagles in Scotland in 2014 by which time he will be 51.