The manager and the club are believed to have been in negotiations however this weekend’s leaking of their discussions is reported to have made O’Neill reconsider any decision.
According to BBC Radio 5 live correspondent Pat Murphy, O’Neill will not be rushing into anything.
“The way I read it is that it has all been too hurried for him.”
“Martin has never been the sort of manager to rush into decisions. He’s always had a measured attitude towards his next move. He’s very rational.
“It seems West Ham’s key executives were premature in assuming they had landed him. The West Ham board have appeared too desperate to appoint a marquee name like O’Neill. He has always concentrated on the football aspects of the club rather than the local politics and he has never been one to be rushed.
“Whilst he may be available and very keen to return to management, any manager would struggle to revive a West Ham team that has won just four league matches with the January transfer window due to close in just a fortnight.”