Sinisa Mihajlovic insists he intends to stay with Fiorentina.
He had been expected to join the Inter Milan as a replacement for Leonardo, but released a statement on the official Viola website.
"Last season ACF Fiorentina chose me and I chose Fiorentina, despite having other work offers," wrote Mihajlovic.
"I am happy with the decision I made, which allowed me and will allow me to work with a club made up of professional and competent people.
"I hope to continue my profession at Fiorentina for many more years."