The 52-year-old was sacked as Forest manager on Sunday evening following a run of poor results in the Championship.
Club chairman Fawaz Al-Hasawi, though, did not want to severe all ties with Pearce and announced that he had offered the Englishman a different role at the club
“Stuart is someone I have always admired and that will never change,” Al Hasawi told Forest’s official website.
“For that reason I have offered him an advisory role at the club, which I sincerely hope he accepts so we can all move forward together.”
Sky Sports has now reported that Pearce has declined that offer and will no longer be attached to Forest in any capacity.
It has been reported that the former Manchester City manager was offered to become the Championship outfit’s Director of Football.
One can understand why Pearce has not taken up the role he was offered by Forest.
Pearce, who is a Forest legend, was only appointed the club’s manager last summer, and perhaps he should have been given more time at the City Ground.
The 52-year-old was effectively considered not good enough for the Forest job anymore, and it would have been very hard for him to work at a boardroom level without having much say in the day-to-day running of the team.
Pearce’s football management divides opinion, but one suspects that he will get a coaching role at another club sooner or later.