UNAI Emery will not be in charge of Newcastle when they play Albion in the Premier League this weekend.
It was believed that the manager was set to take over the Magpies for their new era under Saudi ownership.
However, the club's move for the Spanish manager has failed, and he has now confirmed he will be staying at Villarreal.
The 50-year-old manager released a statement that said: "For all the noise there was yesterday in another country, inside the club there was transparency and loyalty with the Roig family and with my squad, which is at its maximum and for me is the most important thing.
"Villarreal CF is my home and I am 100 per cent committed. Honestly, I am grateful for the interest of a great club, but even more grateful to be here and that is why I communicated to Fernando Roig my decision to continue being part of this project, thanks to the commitment and respect that I feel from the club and my players, which is mutual and reciprocal.
"I want to thank the fans for the support they have given me always shown me. On Sunday we have a very important game, and I hope we can all together get victory. See you at the Estadio de la Ceramica."
As things stands, Graeme Jones, the current caretaker manager, will be in the dugout for the match against Graham Potter's Albion side.
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