Jol is reportedly Fulham's first choice to replace Roy Hodgson, who has joined Liverpool, but the Dutchman has hinted he will remain in Amsterdam after talks with the Ajax hierarchy.
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"They (Fulham) were interested but in principle I will stay at Ajax," Jol told Amsterdam-based newspaper De Telegraaf.
Jol had been told he was not able to recruit this summer until Holland right-back Gregory van der Wiel and Uruguay striker Luis Suarez had departed - freeing up funds.
But, following talks with financial director Jeroen Slop and chief executive Rik van den Boog, Jol has been reassured he can bring in a cheap right-wing option and then spend more if the likes of Van der Wiel and Suarez leave.
The plan needs to be approved by the club's supervisory board - headed by Uri Coronel - but that is unlikely to be a problem after they recruited Jol just a year ago.
Source: PA
Source: PA