Tim Sherwood says West Bromwich Albion offered him the manager's job - but a final agreement could not be reached.
The former Tottenham boss, 45, said he "provisionally" accepted and began negotiations with the club.
Everton academy director Alan Irvine was announced as West Brom's new manager last week, replacing Pepe Mel.
Writing in The Independent, Sherwood said: "The longer it went on, the more I doubted whether it was the right job for me."
The former Norwich, Blackburn Rovers and Spurs midfielder said: "I went up to speak to them a couple of times and they offered me the job.
"West Brom are a good club and I wish them every success.
"It has not changed my outlook. I want to get back into the game. I believe I have a lot to offer."
Albion chairman Jeremy Peace said the decision to hire former Preston North End and Sheffield Wednesday manager Irvine, 55, was not about money.
He said: "It was a case of who the best candidate was and we chose Alan.
"If it had been a case of Tim Sherwood coming in with Chris Ramsey and Les Ferdinand, that would have been fine," added Peace.
"There would have been no problem with it in terms of finances. I'm sure we would have agreed a package with them."
Mel spent four months in charge of the Premier League club - winning just three out of 17 matches.