Carlos Carvalhal will not resign after all.

The former Sheffield Wednesday manager had threatened to quit his job as boss of Rio Ave earlier his month.

It followed his side’s League Cup elimination at the hands of Gil Vicente, in which his side had a goal disallowed and lost to a late penalty.

Afterwards, an emotional Carvalhal vowed to step down in protest at the standard of Portuguese refereeing, appearing to infer that their decisions are weighted towards the bigger clubs like Sporting – who profited from Rio Ave’s defeat by progressing as group winners.

But at a press conference earlier, Carvalhal said, as quoted by A Bola: “I confess that I felt the biggest frustration of my life. But from then on, having talked to the president, the energies have renewed and I will continue on Rio Ave more motivated than ever.”

The Rio Ave boss, Carvalhal. (Photo by Gualter Fatia/Getty Images)

Rio Ave are Carvalhal’s first club back in his native Portugal.

The 54-year-old spent two-and-a-half seasons in charge of Sheffield Wednesday, whom he led to back-to-back top-six Championship finishes, and another half a campaign at Swansea City, with whom he suffered relegation from the Premier League.

His current side are sixth in the top-flight standings.

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