In-demand Augsburg coach Markus Weinzierl has decided to extend his stay with the Bundesliga club, signing a contract until 2019.
Schalke were one of the clubs Weinzierl was linked to after the 40-year-old led Augsburg to a fifth-placed finish in 2014-15.
But the former defender and midfielder will stay at Augsburg, signing a deal with no opt-out clause.
"We are honoured when the coach gets such lucrative offers," Augsburg (FCA) sports director Stefan Reuter said.
"This is a reward for the work of the entire club. Not only the extension of the contract in April 2019, but this rejection of other clubs are each clear dedication of a trainer for FCA.
"I am delighted that we can continue working together."
Augsburg's strong performance in 2014-15 means they will play in the UEFA Europa League next season.
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