Liverpool legend Steven Gerrard admits the offer from MK Dons came too soon.
Gerrard, who left the Los Angeles Galaxy earlier this month, held preliminary talks with the League One club, who have been without a permanent manager since Karl Robinson was sacked on October 23. Caretaker manager Richie Barker is currently in charge of the side.
"I'm just taking a bit of time to consider what's next. Exciting times moving forward," Gerrard told BT Sport 2 when asked if he was weighing up his options.
"I spoke to them," the 36-year-old said. "I had a chat with the chairman. It's a very exciting job for someone else. It's a bit soon for me. But it is true, I did speak to them."