Roberto Di Matteo isn't interested in taking over at the Stadium of Light.
The early favourite to succeed Paulo Di Canio on Wearside feels he deserves better than taking over at a bottom-of-the-league club.
Di Matteo, who led Chelsea to Champions League success in his previous job, is reportedly eyeing Alan Pardew's job at Newcastle.
According to The Shields Gazette, the 43-year-old is biding his time for Pardew to be dismissed, so he can take over at St James' Park.
Pardew, who has an eight-year contract at Newcastle, has been told his job is safe by owner Mike Ashley, despite a disappointing 16th-placed finish last season.
The former West Brom boss who has been out of work for 10 months had been identified as the perfect replacement for Di Canio by the Black Cats’ director of football Roberto De Fanti.
However, the Wearside outfit have now moved on to other options as they look to appoint Di Canio's successor ahead of a busy period which includes matches against Liverpool, Manchester United and Newcastle.
Sunderland fans - how much of a blow is to lose out on Di Matteo?
Newcastle fans - would you accept Di Matteo as your new manager, if Pardew was sacked?