Inverness Caledonian Thistle have announced that manager Terry Butcher has rejected the opportunity to take charge of Barnsley.
Inverness gave Butcher permission to talk to Barnsley on Monday, with the Tykes having failed in their bid to appoint former Nottingham Forest boss Sean O'Driscoll at the weekend, but the Championship side have now been rebuffed a second time.
Butcher told his club's official website: "I was pleased that Caley Thistle gave me the opportunity to talk to Barnsley, who were excellent to deal with, but I have decided that my future lies at Inverness.
"We have been going extremely well to be second in the SPL, still in the Scottish Cup and with a League Cup semi-final to look forward to later this month. I have also brought people to this club and, on reflection, feel that I should remain with them to try and continue the good work. My focus is now firmly on that."
Inverness chairman Kenny Cameron added: "We´re delighted that Terry Butcher is to remain with us and the fans will greatly welcome the news. When Barnsley made their approach we felt that out of courtesy we should allow Terry the opportunity to meet with them, but it is a huge relief that he has opted to stay.
"These are exciting times at this club under the management of Terry and Maurice Malpas and we now look forward to maintaining what has been a wonderful season."