Leeds United owner Massimo Cellino has ruled out buying back Cagliari.
Cagliari have just been relegated from Serie A.
"It's all rubbish, don't even think about it," Cellino told La Gazzetta dello Sport.
"The important thing now is to share out the blame and not just throw Giulini to the dogs. It's tough in England too, more difficult than in Italy, I can assure you.
"Perhaps Giulini paid too much for the euphoria of his arrival. They knocked the enthusiasm out of me after 25 years.
"Forza Cagliari, the team will go back up soon."