Graham Potter, who left Chelsea last year, was reportedly in the running to replace current Lyon boss Laurent Blanc.
However, after just seven months, Chelsea sacked Potter, and Lyon has struggled for results. Potter met with Lyon owner John Textor and saw the managerial opening as a chance to lead a storied team with UEFA Champions League aspirations.
However, Potter decided it was not the appropriate moment to relocate his family to France and decided not to return to club management.
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Lyon is currently in last place in Ligue 1 after a winless start to the season, and the club is now on the lookout for a replacement after the English boss turned their offer down.
Potential alternatives to Blanc include Thiago Motta and William Still, and Marcelo Gallardo, who turned down a contract offer from the French club. Lyon’s next target is unknown, but Potter’s departure could help turn things around.