Sorry, Lakers ... the Zen Master is NOT returning to L.A. -- this according to Phil Jackson's fiancee Jeanie Buss.
The rumors have been swirling for months ... with several NBA insiders hinting that Jackson may have a secret exit strategy in place to leave his gig as president of the Knicks and return to Laker Land.
But Jeanie (co-owner and president of the Lakers) says it's 100% BS -- telling TMZ Sports, "Don't listen to that ... Phil is in New York. He signed a 5 year deal."
As for rumors that Kobe Bryant may join the Lakers front office -- Jeanie says, "Kobe can do whatever he wants."
So, offer on the table then???