Bielsa, 67, was dismissed by Leeds United in February after 170 games with the club spanning four-and-a-half years.
The Argentine oversaw one of the best periods in Leeds’ recent history in winning promotion in 2019/20 back to the Premier League after a 16-season absence from the English top flight.
After a poor run of form in the new year, he was replaced by Jesse Marsch who guided the club to safety amid growing relegation concerns.
Have Leeds been proven right in their decision to sack Bielsa?
Over the summer, Bielsa held talks to re-join Spanish side Athletic Bilbao, whom he managed between 2011 and 2013. However, the move failed to materialise, with Ernesto Valverde taking the reigns instead.
He was also linked by The Mail to the Bolivian national team job earlier this year, but currently remains out of work.
He reported on Twitter that Bielsa has turned down the job with Brazilian side Santos, he said: “Marcelo Bielsa [has] rejected the proposal to manage Santos.“
Bielsa, who is a manager known for buying into a club whose project and background suits him, does not feel as though Santos is the right fit for him, Merlo continued:
“The ‘Loco’ does not consider today that it is an interesting project from the sporting point of view.”
However, Bielsa has more offers on the table as he looks for a return to management soon, Merlo added:
“He has several proposals and, true to his style, he will not rush to make a decision with any club.”
Almost every Leeds fan wishes for a happy return to management for Bielsa one day.
The presidential elections of Bilbao were the last time he was seen publicly and that caused a storm on social media as fans cling to any content revolving the manager once adored and idolised by so many.
He is a fan favourite and all-time great in Leeds’ managerial history having done what no one else could for almost two decades in retutning the club to the Premier League.
Leeds fans will be keen to hear about his next steps, and if he is mulling over other offers, perhaps a return to management is on the cards soon for the enigmatic Argentine.