Nigel Pearson says he is not working towards a return to Leicester City after becoming manager of OH Leuven.
The Belgian second tier side, like the Foxes are owned by King Power Group.
The former Leicester boss, who managed the club from 2008 to 2010 and again from 2011 to 2015, had been out of work since leaving Derby County in 2016.
Speaking exclusively to Sky Sports News, Pearson said he was ready to return to the game after a year out.
He explained: "It's positive from both perspectives. It's good to be back.
"The way it ended was not great for anybody. But if you spend all your time thinking about the past and what should have been, you get nowhere.
"When we got back in contact and this idea was floated, we did it in a very open way between us. Rather than getting third parties involved, it was just 'yes let's do it', that's all you need to know."
He added: "I'm OK with people having different opinions on it.
"At this stage in my career I wanted to do something that I felt positive about."
"I came close to the Middlesbrough job. I turned down a few offers. But after my last job [Derby County], I reassessed where I was.
"I needed a job that inspired me."