Inverness Caledonian Thistle manager Terry Butcher will not be heading to Barnsley.
The English Championship club had made the former England captain a priority to replace the recently-departed Keith Hill but a potential shift to Oakwell has been snubbed.
"Inverness is extremely pleased to announce that our manager Terry Butcher is staying at the club," read a club statement.
"Terry returned north after discussions with Barnsley over their managerial vacancy.
"He met the chairman Kenny Cameron and indicated that he was committed to seeing out his contract."
Butcher added: "I was pleased Caley Thistle gave me the chance to talk to Barnsley, who were excellent to deal with.
"But I have decided that my future lies at Inverness.
"We have been going extremely well to be second in the SPL, still in the Scottish Cup and with a League Cup semi-final to look forward to.
"I have also brought people to this club and, on reflection, feel I should remain here to try and continue the good work."