Cowdenbeath have failed in an audacious attempt to bring Mixu Paatelainen back for a second stint as manager.
The League Two basement side are searching for a new boss after Liam Fox resigned from the position on Monday following just ten months in charge.
It is understood that club officials spoke with the Finn about the possibility of taking on the reins but Paatelainen declined the offer.
Former Hibs, Kilmarnock, Dundee United and Finland boss Paatelianen took his first step on the managerial ladder when he joined the Fife outfit in summer 2005.
The 50-year-old led Cowdenbeath to the old third division title in his only season at the club before returning to his homeland to take charge of TPS.
Cowdenbeath first team coach Burton O’Brien has been asked to take interim control of the team ahead of Saturday’s trip to Berwick Rangers.