Coleraine chairman Colin McKendry says there has been no approach to Derry City boss Kenny Shiels regarding filling the Bannsiders' vacant managerial position.
The Irish Cup winners are searching for a new gaffer after Oran Kearney accepted the challenge at Scottish Premiership side St Mirren.
Shiels, Kearney's father-in-law, yesterday distanced himself from the Coleraine job and McKendry insists the board will take their time to ensure they make the right appointment.
Maghera man Shiels, a former Coleraine player and manager, is being heavily linked with the vacancy, but he's remaining focused on the final of the EA Sports Cup on Sunday when Derry take on First Division representatives Cobh Ramblers.
"We haven't spoken to Kenny," said McKendry.
"If the board decided that was worth pursuing we would do things the right way and speak to Derry City chairman Philip O'Doherty.
"I go to Derry City matches and know Kenny exceptionally well, but we have the right structures in place at Coleraine and we won't be rushing into a decision.
"The expressions of interest run until Friday, and ideally we would like to appoint a manager as soon as possible, but we must appoint the right person.
"It's not surprising Kenny's name has been mentioned, but he is Derry City manager and I've heard him distance himself from the job."
Derry will also host holders Cork City in the FAI Cup semi-finals if they beat Bohemians in the remaining last-eight tie next Wednesday.
When asked about the Coleraine speculation yesterday, Kenny said: "There's nothing in it.
"All I am focusing on this week is the (EA Sports) cup final.
"I can't see it happening. I've not had any contact (with Coleraine)."
Shiels guided the Bannsiders to a runners-up spot in the Irish Premiership during his spell in charge at Ballycastle Road in the late 1990s.
Other names linked with the Coleraine post are former Northern Ireland captain Steve Lomas, Institute manager Paddy McLaughlin and Dungannon Swifts chief Rodney McAree.
Coleraine, meanwhile, are on the road in the third round of the IRN-BRU Challenge Cup.
The Bannsiders will take on Welsh side Connah's Quay Nomads at the Deeside Stadium on the weekend of October 13/14.
Andy Morrison's Nomads beat Falkirk in the previous round and, although the Welsh side have faced Irish League sides in friendlies, this is the first competitive fixture against a Danske Bank Premiership team.
JD Welsh Premier League manager of the month Morrison will be looking to make the quarter-finals after engineering an upset at Falkirk.
After a goalless first half, Michael Wilde put Connah's Quay ahead on 46 minutes with a diving header from a Craig Jones free kick.
An impressive defensive performance saw Nomads hold onto their lead to progress to the last 16, while Coleraine conquered Formartine United in a penalty shootout.