NK Olimpija Ljubljana have decided against trying to bring in Harry Redknapp as manager because president and former Sheffield Wednesday owner Milan Mandaric believes it would be too much of a risk.
The Slovenian league leaders were taken over by the former Portsmouth, Leicester and Sheffield Wednesday owner in the summer and have been without a head coach since Marijan Pusnik's December exit.
Olimpija director Ranko Stojic last week confirmed surprise reports that former Pompey, Tottenham and QPR manager Redknapp was a potential candidate, saying he could head to Ljubljana if he decided against "an offer from the Arab world".
The relationship struck up between Redknapp and Mandaric during their time at Fratton Park was key to such a potential deal, but the president has decided against trying to bring him to the Stozice Stadium.
"We cannot afford the slightest error because there is too much at stake," Mandaric said via the club's official website. We need someone for whom the Slovenian football environment is not foreign. It would therefore be pointless at this stage to engage experts from Western Europe.
"I know that it has recently been written and spoken about the arrival of my good friend and former colleague at Portsmouth, Harry Redknapp. I can assure you that (it will not be him) because we cannot afford too many risks."