Former Nottingham Forest captain has turned down the chance to go back to the club as a manager.
Speaking to talkSPORT he said:
I've had a chat with them but at this moment in time, for personal reasons, I've decided not to take it any further.
After playing for the club for 12 years he said there was an 'emotional pull' but felt he was not the man after holding talks with chairman Fawaz Al Hasawi.
Former Nottingham Forest captain, Stuart Pearce, is thought to be considering a return to the City Ground to replace Billy Davies as manager.
According to SkyBet, he's now 13/8 to take over the manager's role at Forest after Davies was sacked.
Pearce is one of a long list of potential candidates for the job including Gianfranco Zola and former Tottenham boss Glenn Hoddle.
Glenn Hoddle has emerged as the bookies' favourite for the Nottingham Forest job following the sacking of Billy Davies.
The former England coach has not managed a side since stepping down from the Wolverhampton Wanderers role in 2006.
Forest owner, Fawaz Al-Hasawi, reportedly has Hoddle and former Watford manager Gianfraco Zola on his shortlist to replace Davies - who was sacked following the club's 5-0 defeat to rivals Derby County.
Former Forest player Stuart Pearce and Malky Mackay have also been linked with the role.
Nottingham Forest fans wait to find out who will replace Billy Davies as manager of the club.
He was sacked yesterday after the club's 5-0 defeat to local rivals Derby County.
Former Notts County manager Neil Warnock was tipped to take the job but ruled himself out last night.
Former Forest striker, Gary Birtles say it's vital the club make the right decision.
Nottingham Forest are continuing to search for a new manager following the sacking of Billy Davies yesterday.
Latest odds (Courtesy of Sky Bet):
- Gianfranco Zola 5/6
- Stuart Pearce 8/1
- Leonardo Jardim 12/1
- Malky Mackay 14/1
- Martin O'Neill 16/1
- Neil Warnock 18/1
- Steve Clarke 25/1
- Dave Jones 25/1
- Roberto Di Matteo 25/1
- Peter Shilton 33/1
- John Robertson 33/1
- John McGovern 40/1
- Stan Collymore 50/1
Neil Warnock has ruled himself out of becoming Nottingham Forest's new manager, despite being hotly tipped to take the role after Billy Davies was sacked yesterday.
There were reports the former Leeds United boss had met with Forest's chairman and owner Fawaz Al Hasawi, after the club's 5-0 defeat against arch rivals Derby County on Saturday.
But, it seems a move to the City Ground for Warnock is off the cards. In an interview with The Independent, he said:
"I did not feel the conditions of the job were right for me to manage. I wish them well for the rest of the season."
Al Hasawi has revealed that academy manager Gary Brazil will take charge of first-team affairs until a permanent appointment is made, starting with tonight's home game against Charlton.
Nottingham Forest fans have given a mixed reaction to today's news that manager Billy Davies has been sacked by the club.
Davies was sacked following a number of poor results, ending in a 5-0 loss away at rivals Derby County.
The Nottingham Forest owner has released a statement in which he has stressed the need for patience, as he decides who will succeed Billy Davies as manager.
Fawaz Al Hasawi also said the media will be given regular access to the new manager, whoever it is, and any bans imposed on members of the press will be lifted.
He added that Academy manager, Gary Brazil, will be in charge of the first team until a new manager is appointed.
The statement from the chairman reads:
"I would like to place on record my gratitude to Billy Davies for all his efforts as manager of Nottingham Forest Football Club. I wish him all the best for the future."
"I am aware many people expect me to announce a new manager imminently, however I must stress the need for patience as I make the important decision of who takes the reins at this crucial stage of the season..."
"...Supporters can rest assured the local and national press will have regular access to whoever is appointed as our new manager as, with immediate effect, any bans imposed on members of the media are lifted. I hope the club can now look forward to enjoying a positive relationship with the press..."
Nottingham Forest have signed Leeds United defender, Lee Peltier, on loan until the end of the season.
The full back previously worked with Neil Warnock while at Leeds, fuelling speculation that Warnock may take over at Nottingham Forest after the dismissal of Billy Davies.
Peltier is mostly regarded as a right back, but can play anywhere across the back line. Nottingham Forest have been looking for injury cover, with 9 first team players currently out of action.
Nottingham Forest has issued a very short statement on its website confirming the 'termination of manager Billy Davies' employment.'
It brings to an end the Scot's second spell in charge at the club, after he was re-appointed 13 months ago.
The statement thanked 'Mr Davies for his efforts during his second spell as manager'.
The club says it's due to make a further announcement in due course, although there's heavy speculation Neil Warnock could be the man to replace Davies at the city ground, with reports he's already met with Forest's owners the Al Hasawi family.