Mauricio Pochettino is reportedly refusing to commit to being Real Madrid's next manager as he waits to see whether Manchester United or Manchester City want him.
Pochettino has for some time been touted as a potential successor to Real Madrid boss Zinedine Zidane, while he has also long been linked with United.
And more recently he has emerged as a leading candidate to be City's next manager should Pep Guardiola decide to quit the club this summer.
Pochettino, who was sacked as Tottenham boss last month, has turned down a deal worth £12million to be Real Madrid's next head coach, according to The Sun .
The publication reports that the La Liga giants were keen to tie him down in case they need a replacement for Zidane.
Real are currently second in La Liga, level on points with leaders Barcelona - but Zidane's future will be influenced by the club's Champions League progress, with Los Blancos set to face Guardiola's City in the last-16 stage.
While Pochettino is believed to have had his eyes on the Madrid job for some time, he is also keen to manage in the Premier League again - although the Sun says United and City are the only clubs he would be interested in.
The report says Pochettino would be excited by the challenge of trying to return United to the top, with significantly more funds than he had at his disposal at Tottenham .
Ole Gunnar Solskjaer has overseen a run of four wins in five games and has guided United back up to sixth in the Premier League after what was the club's worst start to a season for more than 30 years.
But United are long-time admirers of Pochettino and Solskjaer will find himself under pressure again if the club's current upsurge is not maintained.
Meanwhile, there has been speculation Guardiola could leave City this summer amid the club's faltering title challenge and the imminent departure of No2 Mikel Arteta to become Arsenal's next manager.