Neil Warnock ruled himself out of becoming Nottingham Forest's next manager on Monday night, stating the conditions were not right for him to become Billy Davies' successor.
Davies was sacked by Sky Bet Championship club on Monday morning, with the experienced Warnock quickly emerging as the early favourite to replace the Scot.
That was given more credence when Forest announced they had signed Leeds defender Lee Peltier - the man Warnock took to Elland Road and made captain during his time there.
Reports soon circulated, however, that the Peltier move had broken down and, while that has yet to be confirmed, Warnock's decision not to move to the City Ground has.
Speaking to The Independent, the 65-year-old 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."
Warnock's decision is sure to concern the Forest fans, who on Monday afternoon were urged to be patient by chairman and owner Fawaz Al Hasawi.
Al Hasawi has revealed that academy manager Gary Brazil will take charge of first-team affairs until a permanent appointment is made, starting with Tuesday night's game against Charlton at the City Ground.
"I would like to place on record my gratitude to Billy Davies for all his efforts as manager of Nottingham Forest Football Club," Al Hasawi said in a statement via the club's official website. "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.
"As always, I will keep our supporters informed of any developments but in the meantime I ask everyone to get behind our academy manager Gary Brazil as he takes charge of first-team affairs until a permanent appointment is made.
"Gary has carried out some terrific work with our younger players and I am delighted he has agreed to take temporary charge."
Davies' second spell in charge came to an end after a dismal run of form and a breakdown in his relationship with Al Hasawi.
Saturday's 5-0 defeat to east midlands rivals Derby saw Forest's run without a win reach eight matches - a streak which has seen the Reds go out of the FA Cup to League One side Sheffield United and drop out of the Championship play-off places.
Upon his return to the club in February 2013, Davies took the decision to bar most of the media - apart from the official website and a regional TV station.
Al Hasawi has lifted this ban and added: "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."