The 37-year-old former England captain had emerged as one of the favourites among fans of his former club in recent days, but after speaking to chief executive John Williams he has "politely declined" the offer of a place on the shortlist.
Asked about the situation in his role as a BBC pundit, Shearer said: "The situation was, and is, that I was very flattered to have got a call from chief the executive, John Williams, at Blackburn. He asked me if I would like to be included on a shortlist for the manager´s job, which I politely declined because of the commitments that I have, namely this one."
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