Hull City chairman Acun Ilicali has confirmed that negotiations have ended with Pedro Martins about the vacant managerial position.
The Tigers dismissed Shota Arveladze after eight months at the helm just hours before their game against Luton last Friday and are on the hunt for a new manager.
Martins looked set to take charge of the club and the former Olympiacos boss was seen alongside Ilicali watching Hull's win against Wigan on Wednesday, when the team broke their run of five consecutive defeats.
However, Ilicali issued an update on Friday morning confirming Martins would not become the new manager, adding "we didn't feel we were able to meet his demands".
Caretaker manager Andy Dawson will remain in the dugout to oversee the Tigers, who will face Huddersfield next on Sunday.
A statement from the Hull chairman on the club website said: "After extensive discussions with Pedro Martins, we have been unable to reach a mutually agreeable position so we have made the decision to cancel negotiations.
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