Belfast-born Magilton, capped 52 times for his country, has been linked as a potential replacement for Lawrie Sanchez, who resigned to take over at Fulham earlier this month.
But Magilton told the club´s official website: "I won´t be in the running for the job, full or part-time. I have a job to do at Ipswich and it´s one I´m 100% focused on. Getting this club back into the Premiership is a big enough challenge for me."
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