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Report explains why Manuel Pellegrini now unlikely to manage Leicester City or Everton

Craig Shakespeare (R), Manager of Leicester City laughs with Ronald Koeman, Manager of Everton during the Premier League match between Everton and ...
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It had been claimed the former Manchester City boss was interested in holding talks with Leicester City and Everton.

Manuel Pellegrini, Manager of Manchester City looks on from the touchline during the Barclays Premier League match between Manchester City and Arsenal at the Etihad Stadium on May 8, 2016...

Hours after he was linked with the vacant managerial positions at Leicester City and Everton, Manuel Pellegrini is now unlikely to take over at either Premier League club, according to Sky Sports.

It had been claimed the former Manchester City boss, who won one league title and two League Cups during his time at the Etihad Stadium, was interested in holding talks with the managerless pair.

Craig Shakespeare (R), Manager of Leicester City laughs with Ronald Koeman, Manager of Everton during the Premier League match between Everton and Leicester City at Goodison Park on April...

But the broadcaster says the Chilean, who is said to earn £12 million a year at Hebei China Fortune, is eyeing a move to Premier League club playing regular European football, and feels neither side fits the bill.

It adds that a move to Everton is further hampered by Pellegrini’s relationship with Toffees’ owner and Farhad Moshiri, which it is claimed was soured after he was interviewed for the role in May 2016.

While the depth of Leicester’s squad is said to have left the 62-year-old ‘far from impressed’.

Farhad Moshiri owner of Everton looks on prior to the Premier League match between Everton and Stoke City at Goodison Park on August 12, 2017 in Liverpool, England.

As well as Hebei, where he has two years left on his contract, Pellegrini has also managed Malaga, Real Madrid and Villarreal since moving to European football in 2004 from River Plate.

It was at Villarreal that Pellegrini ended Everton’s Champions League hopes in August 2005.

Would Pellegrini have been a good appointment for Leicester/Everton?