Thierry Henry is no longer under consideration to be the next Aston Villa manager and is now a leading contender to take charge at Monaco, according to Sky sources.
It is understood the former Arsenal forward held initial talks with the Sky Bet Championship club, but it was decided the circumstances were not right for either party.
Henry could now instead move to Monaco, the club where he began his professional playing career.
The 2016-17 Champions League semi-finalists have endured a terrible start to the season, and currently lie 18th in Ligue 1 with just one win in nine matches.
It is believed the club have begun talks with Leonardo Jardim about removing him as manager during the international break, and that they have sounded out Henry about replacing him.
Henry left his role as a pundit with Sky Sports in the summer in order to focus on his ambition of becoming a manager, and is currently part of Roberto Martinez's backroom staff with Belgium.