The club's president, Jean-Louis Triaud, told RTL: "Unfortunately, things have not worked out for us to recruit Zidane. I can confirm today he will not be the coach of Bordeaux.
"It is his attachment to Real Madrid. You cannot forget that two of his children are in Real Madrid's youth system, that his family is well used to Madrid where they have lived for nearly 11 years. It's a difficult context."
Bordeaux finished the season seventh in Ligue 1.