The Frenchman has been out of management since leaving Arsenal in 2018, having turned down a number of roles
Arsene Wenger has admitted he would be open to managing another Premier League club, but has distanced himself from taking over at Newcastle.
The 69-year-old left Arsenal after 22 years in charge in 2018, having won three Premier League titles and seven FA Cups during that time, but has not worked since.
Rafael Benitez will leave the Magpies when his contract expires at the end of June as he failed to agree a new contract with the club.
Wenger is among the candidates to take over at St James’ Park, but said he is happy to enjoy his rest having worked for 35 years, when asked if he is close to a return.
“Not in the near future, no. I’m still not ready to go back,” he told France 24.
“I thought yes but I don’t think at the moment I will come back.
“I’m more open now than a year ago to talk about that but I cannot tell you that in the next two or three days I will go into management again.”
Wenger was linked with the Real Madrid job earlier this season, while Fulham tried to tempt him back into football before hiring Claudio Ranieri in November.
While it was believed he would return to football in a director’s role, Wenger appears to have changed his mind and would return to manage in the future.
“Well I would prefer to try another country, although my preferred time was in England because the Premier League is the place to be at the moment,” he added.
“But for me it is very difficult because I was for so long at the same club. But why not?
“I still need a bit of time to pass and then maybe make the decision.”