Fabio Capello has ruled out the possibility of him returning to management in his native Italy.
The former England manager is thought to be interested in a return to club management, but a move back to Serie A doesn't interest the 65-year-old.
"It is gratifying to work for a national team, but I won't rule out the possibility of training a club side again, even if right now I prefer to enjoy my vacation," Capello told La Stampa.
"However, I can 100 percent rule out a return to the bench in Italy."
Capello has previously managed clubs such as AC Milan, Roma, Real Madrid and Juventus, winning nine league titles and a Champions League crown in the process.