The 65-year-old was sacked by Tottenham this summer after four years in charge at White Hart Lane and he has since been replaced by Andre Villas-Boas.
Redknapp is currently helping as an advisor at Bournemouth, where he started his managerial career, alongside some other work commitments.
But he also remains keen for a return to management, although he is waiting for a club which is a perfect fit for his ambitions.
"It depends what comes up," he told Sky Sports News. "It would have to be something I really fancy for me to do it.
"If I am going to do it, I will put myself into it 100 per cent and give everything I've got to it.
"We will wait and see what comes up."