The Portuguese has been linked with several jobs at international level during his illustrious career, most recently England after Fabio Capello stepped aside.
Mourinho has also hinted in the past that he would be willing to take on the challenge of managing his own country later in life.
However, in an interview with AS today the former Chelsea boss admitted he has no immediate plans to accept such a role.
"We'll see although it will be later rather than sooner, much later," he said.
"I am 49 and will be 50 when this season finishes, but I still think I'm at the beginning of my career.
"A few years ago my wife said that some day I would stop, we would enjoy our children, our hobbies. But right now I'm a full-time coach.
"Even now, after all my experiences, I still feel the same excitement, the same joy I felt on the first day I won and I feel the same anger, the same disappointment on the first day I lost.
"It's only when I look at pictures of my early career in Porto that I realise this child has become a man who is the Real Madrid coach. But only in photos, inside I feel like I did 20 years ago.
"So I say that for now, and for a long time to come, I'm not going to train a national team. That is not for me yet.
"I have to train 400 times a year and manage 60 or 70 games. I need to be with players, on the pitch and the dressing room every day. I like to train every day and see my players three times a week."
Mourinho believes Kaka can still be a success with the club despite a troubled three years at the Bernabeu.
What has happened to Kaka has happened before to many great players," the Portuguese told AS.
"For one reason or another they have failed to continue their career at a new club when they could do fantastic things before moving.
"Players are not robots. Kaka came here with fitness problems which troubled him throughout his first season.
"In his second year he had surgery and needed a few months off. When he returned he did so bit by bit.
"Last season there were times when he was very, very good. He made some important contributions, for example when (Angel) Di Maria was injured.
"I said before the transfer window closed that Kaka was not a problem for Mourinho. He knows because I told him things are not easy in his situation, and he has accepted the challenge.
"He is training well. When we consider how we should use him we will try and use him as best we can.
"It will not be easy but I'm sure Kaka will get his chance. Tiredness, dismissals... he will get a chance.
"And I am convinced that when the time comes, Kaka will respond and help Madrid."