Costa decides against coaching Clermont
Costa hit the headlines last month when she was handed the reins at Clermont, giving her the opportunity to coach at a higher level than any other woman in European men's football.
However, the 36-year-old has now opted against taking charge of the French side, much to the surprise of Clermont president Claude Michy.
In a statement on the club's official website, Michy said: "Helena Costa decided not to honour her commitments ... (and will) therefore not assume the (role of) coach for the coming season.
"This decision was sudden and surprising.
"I deeply regret this situation. I thank all of those who have supported me and I am most grateful."
Clermont have not revealed the reasons behind Costa's decision.