Aberdeen chairman Stewart Milne has told the club website that Derek McInnes has "no intention of going anywhere" as he still has "unfinished business" at Pittodrie.
McInnes has been relentlessly linked with the vacancy at Rangers in recent weeks although he has consistently refused to address 'the speculation' and no official approach has come from Govan.
The West Brom job has also seen McInnes' name added to bookmakers' shortlists but Milne says he expects his manager - who extended his contract in the summer - to be in the Granite City 'for some time' yet.
The chairman told the Aberdeen website: "Derek made his position very clear to me last night (Thursday) that he has no intentions of going anywhere.
"He loves this club. He knows he's loved, he knows he's respected by everyone at the club and the fans out there.
"I think anybody who heard Derek speak (at the new stadium hearing) about his passion for this club - it's a big, big part of his life.
"He firmly believes he has unfinished business here. He's always said to me that he didn't want to leave this club with just one trophy in the boardroom.
"It's great news for everyone that he is committed. He just wants to get on doing the job. He spent a lot of time, effort and money over the summertime to rebuild the team.
"Since this he has re-signed a number of players to extend their contracts and everyone recognises the fantastic job he and Tony Docherty have done.
"No one wants to see him leave. I know he will one day but we all dearly hope he will be here for quite some time."