Nantes president Waldemar Kita has said coach Sergio Conceicao is staying put after being linked with Leicester City amid reports that Guus Hiddink has been asked to take over at the struggling Premier League champions until the end of the season..
It remains uncertain whether the 70-year-old, who has spoken of his intention to retire after a career spanning almost 30 years, can be persuaded to do a similar job at the King Power Stadium -- but The Times has suggested he would be interested.
Reports have also linked Conceicao with a move to England to take over from Ranieri.
Conceicao, who had previously coached in his native Portugal, was appointed by Nantes in December when he replaced Rene Girard.
He has lifted the club from second bottom of Ligue 1 with a run of six wins in 10 league matches, sparking reported interest from the Premier League champions, who slipped into the relegation zone at the weekend.
However, Kita told L'Equipe that Conceicao would not be leaving before the end of his two-year contract.
"For him to be contacted means, firstly, he's good," he said. "But I don't see how he could go there, because he has a contract and it's out of the question he leaves either now or at the end of the season.
"For me, there is no topic. If Juventus or Inter contacted him, I could understand. But not Leicester, who are playing to stay up, when he could aim for a very big club in two or three years.
"I haven't spoken about it with him, but I don't think he'll ask me to go there. And to leave now would not be a good thing, for him or the club."
Speaking to L'Equipe earlier this month, Conceicao had said "the ideal" situation would be to establish his reputation at Nantes over "two, three years" before making a move.
And Kita said talks over a new deal were under way, adding: "I would like to extend his contract soon and then given him more means to move forward.
"Please note that what he does here is also because we give him the means to do it. It's not certain he'll be able to do it again elsewhere."