Guus Hiddink has suggested it is unlikely he will be in contention for the Valencia job when his time as Chelsea's interim manager comes to an end this summer.
Pako Ayestaran took over from Gary Neville at Mestalla in March and has received backing to continue as the club's head coach beyond the current campaign after recording three straight wins in April.
When asked about the possibility of returning to the club he coached between 1991 and 1994, Hiddink admitted he would listen to offers but hinted he may not seek another full-time role.
"I am not looking [for a job at Valencia]," he said. "If they knock on the door I will listen to what is behind the door, but in principle, no.
"I am not ageing but to go in a job for three or four years, then I am almost 75 [by the end]. It is time to play a little ball and do some consultancy here or somewhere else or wherever."
Italy coach Antonio Conte will replace Hiddink in July after Euro 2016, beginning his time in charge of the Blues with a preseason tour of Austria and America.
Hiddink, meanwhile, will continue to work for Chelsea in an unofficial capacity, consulting with the club hierarchy on their academy.
"I am going into what I like very much, encouraging coaches and young people to give the best to the players," he added.
"I won't be [at Chelsea] in an official function. I am an advisor of a company that is doing innovation in training methods and accommodation for academies and youth and coaches and education coaches and players."
This is the 69-year-old’s second spell in temporary charge at Stamford Bridge after he was brought in to steady the ship following the sacking of Luiz Felipe Scolari in 2009.
Hiddink admits that he will miss working with the staff and players at the club after growing very fond of life at Chelsea - but joked that he "won't have a farewell party" like John Terry.
“Of course [I will miss it]," he said. "I love this club. Every morning when I wake up I go with a smile to Cobham [training ground] and of course I will miss it."
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- Goal