The Shanghai SIPG coach was high on the Toffees’ list to succeed the sacked Marco Silva on a permanent basis.
Duncan Ferguson is currently in caretaker charge.
“It’s an honour and I’m grateful to be considered by a club I have so much respect for but I am still coach of SIPG and SIPG is a club close to my heart,” Pereira told Sky Sports News.
“It means that in this moment I’m not in a position to make any other commitments. I need time to think and plan my future by looking at the options I have.”
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His fellow Portuguese Silva was sacked after 18 months in charge following the 5-2 Merseyside derby defeat by Liverpool at Anfield.
Everton still plan to appoint a permanent manager as soon as they can despite beating Chelsea 3-1 on Saturday under Ferguson.
There was informal contact to gauge the extent of sacked ex-Arsenal boss…