Former Barcelona and Galatasaray coach Frank Rijkaard has turned down an approach from Valencia.
Los Che are searching for a new coach after the resignation of Nuno on Sunday.
Rijkaard was a favourite for the job, but Sport says he's turned Valencia down.
The Dutchman has been out of football for almost two years after leaving the Saudi Arabia national team job in 2013.
Former Swansea City boss Michael Laudrup, meanwhile, remains on Valencia's shortlist.