Vitor Pereira has won league titles in Portugal, Greece and China
Vitor Pereira says he has pulled out of the running to become the new Everton manager.
The Shanghai SIPG coach was high on the Toffees' list to succeed the sacked Marco Silva on a permanent basis.
Duncan Ferguson is currently in caretaker charge.
"In this moment I am not in a position to make any other commitments. I need time to think and plan my future by looking at the options I have," Pereira told Sky Sports News.
His fellow Portuguese Silva was sacked after 18 months in charge following the 5-2 Merseyside derby defeat by Liverpool at Anfield.
Everton still plan to appoint a permanent manager as soon as they can despite beating Chelsea 3-1 on Saturday under Ferguson.
Pereira, 51, led Porto to back-to-back Primeira Liga titles after stepping up from his previous role as assistant manager in 2011. He was interviewed for the Everton manager's job in 2013 before Roberto Martinez was appointed as successor to David Moyes.
After a brief stint in charge of Saudi side Al-Ahli, he helped Greek club Olympiakos win a league and cup double in 2015, but unsuccessful spells followed in charge of Fenerbahce and 1860 Munich.
He took over at Shanghai SIPG in December 2017 and led them to their first league title in his first season in charge.
Source: bbc.com