Despite being made the odds-on favourite by the bookmakers last week, it looks like Steven Gerrard will almost definitely not become the new manager of MK Dons.
Just days after Gerrard announced he would be leaving LA Galaxy once his contract expired, the former England captain was linked with a shock move to Milton Keynes.
The Dons, who have been on the lookout for a new boss since parting company with Karl Robinson last month, were believed to have held talks with Gerrard but the latest reports suggest any potential deal is now off the table.
Indeed, it hasn't taken long for negotiations to break down between the two parties and the exact reasoning behind the collapse is yet to be revealed.
However, Gerrard's close friend and long-term teammate Jamie Carragher has provided a theory on why the League One side were unsuccessful in their approach.
Speaking on Sky Sports' Monday Night Football, Carragher thinks the opportunity just came too soon for the Liverpool hero.
"I just don't think he fancies it. He's only just got back, he was in the States and his family didn't go over there fully, so I think it would be a big move to then move down to Milton Keynes," Carragher said.
"It maybe came a bit too early, if it was six months or 12 months down the line then maybe there would have been a good chance of it happening.
"I don't think he is fully ready, he's still got to get coaching badges, that's not to say he couldn't do the job, but I think he maybe wants to get more experience."
Not that it will make Dons' fans any happier but the ex-defender turned pundit did think that they would have been a good club for Gerrard to kick off his managerial career with.
The League One strugglers have developed a reputation for giving unproven coaches a chance in the past and Carragher believes that would have been one of the factors Gerrard considered.
He added: "I think it's great that is making noise that he wants to go into management. I think if he would have taken the job it would have been a good decision in terms of the club.
"Sir Alex Ferguson always said don't pick your club, pick your chairman and I think that chairman (Pete Winkelman) gave Karl Robinson plenty of time, a good five or six years.
"He gave Roberto Di Matteo and Paul Ince a chance and their first jobs in football. He certainly seems a chairman that gives a young manager a job, so I think it may have been more the chairman than the club that would have enticed him to go there.
"He's turned that down now, but the fact that he has spoken to a club means more clubs will be showing an interest and I think it will only be a matter of time."
Gerrard's snub has forced ex-Bristol City boss Steve Cotterill to become the new favourite to replace Robinson, with Ryan Giggs also thought to be in contention.