The Premier League's all-time top scorer will be back on the BBC sofa after missing out on becoming Cardiff manager.
But Birmingham boss Chris Hughton, who worked under Shearer during the England legend's brief spell in charge of Newcastle, believes it will be a waste if he does not return to management.
Hughton said: "Despite the disappointment of not being saving Newcastle, there was a real sense of what management might mean to him.
"That has driven him on. The fact he is going for interviews - and that he was close to the Cardiff job - shows he has a desire to get out there again.
"Alan certainly has the qualities to be a boss."