Head coach Steve McClaren has insisted he is "100% committed" to Derby County but refused to confirm if he was offered the chance to manage struggling Premier League side Newcastle United.
McClaren's Rams missed out on a Championship play-off place after losing 3-0 to Reading on Saturday.
On the same day the ex-England boss was approached by the Magpies, who are only two points above the relegation zone.
But McClaren said: "I'm 100% committed to finishing the job here."
Derby led the Championship as recently as 24 February but won just twice in their final 13 games of the season to finish two places, and one point, adrift of the top six.
McClaren, 54, added: "I hear the speculation, I see it, but I'm 100% committed to Derby County at this point. I've been saying it for months, that my total focus, my total commitment, is on Derby County.
"For three-quarters of the season we were one of the best teams in the league. I really felt when we went top of the league we could get in to the Premier League.
"In the last two months injuries have come thick and fast to important, experienced players and we lost momentum. It derailed us and we failed to get back on track.
"There is still a lot more to come from this team."