Tottenham Hotspur's technical director Franco Baldini offered to resign from the club following the sacking of former manager Andre Villas-Boas earlier this week, according to the Telegraph.
The offer was quickly rejected by Chairman Daniel Levy, who had bought the Italian to the club this year on AVB's recommendation after his work with Real Madrid and Roma in similar roles and his time as assistant manger to Fabio Capello with the England national team.
Gareth Bale's world record sale to Real Madrid in the summer freed up funds for a mass spending spree of over £100 million at White Hart Lane including the club record transfers of Paulinho, Roberto Soldado and Erik Lamela.
Baldini was believed to have had a big role in bringing some of those players to the club who have, thus far, failed to live up to expectations. Especially Lamela from Roma, the club whom Baldini left for Tottenham. the £31 million midfielder is yet to score a Premier League goal.
A 5-0 humiliation by Liverpool at The Lane led to the sacking of AVB with Spurs languishing a long way out of the Champions League places, which was the minimum expectation this season.
Instead of leaving his post though the 53-year-old has been asked to help appoint AVB's successor. Caretaker manager Tim Sherwood has thrown his hat in the ring and he may keep control over Christmas.
Speculation has linked Chelsea manager Roberto Di Matteo and Manchester City's title winning manager Roberto Mancini, to the vacant position.