The former Manchester United forward said he intends to "stand by" the remaining two years on his contract at current club Molde, having held talks with Villa on Friday.
Solskjaer, his wife Silje and agent Jim Solbakken were flown from their home town of Kristiansund to Birmingham for a four-hour meeting.
However, they returned to Norway on Friday night to learn that Molde's billionaire backer Kjell Inge Rokke had pulled the plug on his company's 20-year support as a result of the meeting with Villa.
The move is a big financial blow to the Norwegian champions and the 39-year-old Solskjaer faced the media on Saturday morning in a bid to clarify what happened.
"I was asked by a friend whether I was interested in speaking with Villa," Solskjaer told a press conference.
"I called Kjell Inge straight away. We agreed that I could speak to them on Wednesday, that it was okay.
"But I'm not looking for another job. My children are happy here, my wife is happy, I'm happy and I've had some success."
Solskjaer, who led Molde to the league title last season for the first time in their 100-year history and at the end of his debut campaign in charge, will now prepare for his side's game on Sunday at Sandnes.
"I will also speak to Kjell Inge as I must apologise for the way this came out."
SOURCE:
http://ht.ly/1jSZny
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