Portuguese boss looking set to stay at White Hart Lane.
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PSG look set to be facing up to another setback as they continue their search for a replacement for Carlo Ancelotti according to The Guardian.
The French side are currently in the process of looking for a new manager with Ancelotti looking destined to take over at Real Madrid from Jose Mourinho, despite leading the Ligue 1 side to the French title and the last eight of the Champions League.
PSG are keen not to lose momentum as they look to establish themselves amongst the dominant forces in European football and are looking to sign a high profile manager.
But they were frustrated in their attempts to sign Dutch gaffer Guus Hiddink after his club Anzhi Makhachkala invoked a clause in his contract extending his stay for another year.
That persuaded PSG chiefs to turn to Andre Vilas-Boas after the Portuguese boss rebuilt his reputation with an impressive season at Spurs.
Vilas-Boas’ representatives reportedly held discussions with PSG over the weekend but it appears that AVB is ready to turn down their advances, despite the club offering him a lucrative pay package and significant backing in the transfer market.
It is thought that AVB is keen to continue building on what he has developed at Spurs and wants to start a second season at a club for the first time in his managerial career.