After Zinedine Zidane's shocking exit - the first manager to leave of his own accord under club president Florentino Perez - Real Madrid have been on the lookout for a new managerial candidate and their focus has now shifted to Chelsea manager Antonio Conte.
Murcia parted company with Jose Maria Salmeron on Thursday, which came just a week after Zinedine Zidane's announcement that he would be leaving the Santiago Bernabeu after two-and-a-half immensely successful years at the helm of the capital club.
Alvarez revealed yesterday: "Guti is not going to coach Murcia because he will be the coach of Real Madrid".
It comes as another blow to the La Liga side in their pursuit of a new manager having already been rejected by Mauricio Pochettino, Massimiliano Allegri and impressive young Hoffenheim boss Julian Nagelsmann.
The Real hero is now in charge of the club's Juvenil A squad, but Murcia president Victor Alvarez believes he's set for a dramatic promotion.
However, the Spaniard now looks set for a much higher-profile job, with the Murcia president admitting that Zidane's resignation has scuppered his chances of appointing Guti.
A number of candidates are likely to take the vacant managerial spot at Real Madrid this summer, with former player Guti seemingly one of the frontrunners at the moment. "Guti called me to thank me for our interest in him".
Guti is a product of the Real Madrid youth system and enjoyed a glittering 15-year career at the club - lifting five La Liga titles and three Champions League trophies and appearing 542 times.