Carlo Ancelotti says he has been approached by the Italian Football Association (FA) about the possibility of coaching the national side but that he prefers to keep working in club football.
Ancelotti, sacked by Bayern Munich in September, said he was honoured that Italians see him as the man to replace Gian Piero Ventura.
Ventura was fired after Italy astonishingly failed to qualify for next year’s FIFA World Cup.
However, he added: “It would be a completely different job. I want to continue coaching in club football. I still enjoy training and working every day.
“Italian football has some problems and I don’t think I can solve them on my own. It’s the whole system that needs to be changed,” he said.
“There is a conflict between the federation and the clubs. The federation needs to impose itself on the clubs to improve the system.”
The 58-year-old Ancelotti is one of Europe’s most successful coaches, having won the UEFA Champions League with both AC Milan and Real Madrid.
He has also won domestic league titles in Italy, England, France and Germany.