Mark McGhee has ended speculation over his future by opting to remain as manager of Motherwell, the Fir Park club have announced.
Hearts had been refused permission by Motherwell to speak with McGhee over the managerial vacancy at Tynecastle.
"The club are delighted that it has successfully concluded negotiations with Mark," said a statement on the club website.
"He remains as manager, and we are looking forward to next season."
Motherwell chairman John Boyle had planned the talks after refusing Hearts permission to approach his manager last week.
After 15 years in management in England, the former Aberdeen and Celtic striker arrived at Motherwell at the start of the season.
In his first campaign, McGhee received plaudits for his team's performances as he steered the club to third spot in the Scottish Premier League.
Despite months of speculation over his future he had previously said he was focusing on next season's Uefa Cup campaign.
However, he did admit he would have a lot to think about if officially approached by another club.
McGhee was also interviewed for the vacant Scotland manager's position in January.
However, he stipulated he wanted to remain at Fir Park until the summer, following the death of skipper Phil O'Donnell.
Hearts had been refused permission by Motherwell to speak with McGhee over the managerial vacancy at Tynecastle.
"The club are delighted that it has successfully concluded negotiations with Mark," said a statement on the club website.
"He remains as manager, and we are looking forward to next season."
Motherwell chairman John Boyle had planned the talks after refusing Hearts permission to approach his manager last week.
After 15 years in management in England, the former Aberdeen and Celtic striker arrived at Motherwell at the start of the season.
In his first campaign, McGhee received plaudits for his team's performances as he steered the club to third spot in the Scottish Premier League.
Despite months of speculation over his future he had previously said he was focusing on next season's Uefa Cup campaign.
However, he did admit he would have a lot to think about if officially approached by another club.
McGhee was also interviewed for the vacant Scotland manager's position in January.
However, he stipulated he wanted to remain at Fir Park until the summer, following the death of skipper Phil O'Donnell.
