The 60-year-old had been the favourite to take over from Sam Allardyce and Sky Sports News claim he held talks with the Tyneside club on Friday night.
However, after considering the move overnight, Redknapp arrived at Pompey´s Eastleigh training ground on Saturday morning - the team are due to depart for the north-east to play Sunderland on Sunday - and told reporters he was staying with the club.
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