Tendulkar, who retired from international cricket in November, 2013, was approached by the BBL Twenty20 team Thunder for this year's tournament. However, the Master Blaster turned down an "attractive" package, said a report in "Sydney Morning Herald" on Wednesday.
"Sydney Thunder went within a whisker of signing Sachin Tendulkar," said the report.
Tendulkar was offered to play for the Thunder over four weeks. There was "initial interest" from Tendulkar but was "stalled" and "ultimately fell off the radar" after Harry Harinath quit as head of Cricket New South Wales (CNSW), the report added.
Harinath was reported to have travelled to India and held talks with people "extremely close" to the Master Blaster.
Thunder is led by Michael Hussey and are going through tough times in the BBL. They have one only one match of their last 19.