According to 'The Times', Simeone was one of Chelsea's preferred targets, should they choose not to offer Conte a new deal, but it now looks as if they will have to turn to someone else.
Simeone was reported as saying there is only one club in England he wants to manage and it's Manchester United. However, United fans should not be getting their hopes up either - 'El Cholo' is first targeting a return to his former club Inter Milan.
The fact that he speaks limited English and prefers the way of life in Southern Europe has made him wary of accepting any job in the Premier League, and it could be a while before we see him head north to England.
Chelsea will now turn their attention to former Barcelona manager Luis Enrique, or Carlo Ancelotti, who won the double with Chelsea in 2010. Although reports in Italy on Saturday claimed Napoli head coach Maurizio Sarri would be Roman Abramovich's ideal replacement.