Inter Milan plans to announce its new manager sometime over the next three days.
Former Genoa coach Gian Piero Gasperini is reportedly the leading candidate after Inter failed to lure away Fabio Capello from England and Chelsea hired Andre Villas-Boas.
Former Argentina coach Marcelo Bielsa also turned the job down.
Inter president Massimo Moratti said on the club's website on Thursday that the new coach will be announced either "Friday or this weekend."
Gasperini led Genoa up from the second division in 2007, then qualified the club for the Europa League with a fifth-place finish in Serie A in 2009. He was fired by Genoa in November.
Current Inter coach Leonardo is negotiating for an executive position with Paris Saint-Germain.