Petrino said Saturday he's staying at Louisville.
He had met with LSU officials who are looking for a coach to replace the NFL-bound Nick Saban.
"I have chosen to remain as the football coach at the University of Louisville, withdrawing my name from consideration at LSU," Petrino said.
"LSU has a tradition-rich program with much to offer, but as I reflect on what we've accomplished in a short time here at Louisville, we're on the brink of establishing a great program that will compete for a national championship. I want to be the coach who sees that through."
Petrino recently signed a new contract that runs through 2010 at Louisville.