Talks between Swansea and Wigan assistant boss Graeme Jones have broken down, according to reports.
The Swans were given permission to speak to Jones over the managerial vacancy at the Liberty Stadium following Brendan Rodgers' departure to Liverpool.
Bookmakers on Thursday afternoon suspended betting on Jones making a return to the club where he spent two years between 2007 and 2009 as No 2 to Roberto Martinez, before following the Spaniard to Wigan.
The 42-year-old former Wigan and Doncaster striker was targeted by Swansea in 2010, before Rodgers was eventually appointed.
Brighton's Gus Poyet, Blackpool's Ian Holloway, Birmingham's Chris Hughton and former Denmark international Michael Laudrup have also been linked with the Swansea position.