The 65-year-old was sacked by Tottenham in June after four years at the helm at White Hart Lane.
Redknapp still has the same enthusiasm and love for the game and while insisting he is not rushing to return, he admits he would come back for the "right job" which would most likely be in England.
He told Five Live's Sportsweek programme: "I've managed good players at Tottenham and at Portsmouth and at West Ham.
"Honestly, I enjoy working with good players to be honest with you.
"When you've been working with top players it's very difficult to work with inferior players if you like.
"I think I am capable of managing at the very top level so we'll see what comes up.
"England is home to the grandkids and everything else is here - it would be difficult unless it was the right offer (abroad) I really fancied and was a special offer
"Other than that I would look to manage in England in the future.
"I love it, I love the Premier League, I enjoy English football and I enjoy being in England."