FC Twente coach Steve McClaren remains a favorite for West Ham United's owners.
The Telegraph says Gianfranco Zola is now expected to remain in charge of West Ham United until the end of the season.
McClaren would have to turn his back on Champions League football at Twente to return home.
McClaren also knows that his stock is continuing to grow at Twente and there may be some nervousness at joining West Ham given the club's financial state and the clear indications that the likes of Robert Green, Matthew Upson and Valon Behrami are to leave at the end of the season.