Juventus have announced head coach Massimiliano Allegri will leave the club at the end of this season.
Antonio Conte held preliminary negotiations with Juventus last month, in case they decided to part with Allegri, but Sky Sports News understands the former Chelsea boss has come close to agreeing a deal to become the new manager of Inter Milan.
Speaking on Friday, Manchester City boss Pep Guardiola once again rubbished rumours that he could head to Turin. He said: "I'm not going to Juventus or to Italy. I have two more years here. I'm not going to move, I'm satisfied here, I'm not going anywhere. Next season I will be manager of Manchester City."
Allegri has led Juventus to four successive league and cup doubles and two Champions League finals during his spell in charge.
Speaking after their disappointing Champions League quarter-final defeat to Ajax in April, Allegri said he expected to stay next season.
The Italian will remain in charge for Juventus' final two Serie A matches of the season, having already secured the title last month.
In a brief statement on the club's website, Juventus said: "Massimiliano Allegri will not be on the Juventus bench for the 2019/2020 season.
"The coach and the President, Andrea Agnelli, will meet the media together at tomorrow's press conference - Saturday 18 May, at 2pm (local time) in the press conference hall of Allianz Stadium."
Italian football expert Adam Digby believes Allegri's next job could be in the Premier League.
"He's been the Milan manager and he's been the Juventus manager," Digby told Sky Sports News. "There is nothing left for him to accomplish in Italy other than the Italian national team job.
"But Roberto Mancini has only been in that job for about 18 months now so a move abroad and to England would make sense and seems to be the most realistic option."