The Ajax assistant has no desire to become a manager at present.
He led the club to their most successful top-flight season ever last term but has struggled to meet those standards again. He and the majority of his backroom staff were reluctantly dismissed by chairman Huw Jenkins as he looks to make a marquee appointment.
For a long time yesterday it looked as though former Arsenal man Dennis Bergkamp was the man for the job.
The Dutchman is currently assistant at Ajax and was recently linked with the vacant manager job at Reading.
However the Daily Mail among others reported that Bergkamp was the number one option.
Unfortunately they will not be getting their man.
It emerged last night that Bergkamp had told the press in his native Netherlands that he had rejected the Swansea role as he currently has no plans to be a manager.
He is quoted by Voetbal International as stating:
"I currently have no ambition to become head coach.
"Moreover awaits still a decent job at Ajax and I see the next few years for myself a role to play here in Amsterdam."
Swansea City will now need to move on and find another potential candidate for the role at the Liberty Stadium.