Speculation at the weekend suggested the 58-year-old Scot was to be brought in to oversee youth development at the club.
"I was as far removed from the weekend's speculation about me returning to a role at Liverpool Football Club as it was possible to be but that's not to say the Sunday paper stories and TV debate escaped me," he told LFC Magazine.
"All I can say at the moment is what I've said many times; if I can help Liverpool Football Club in any way, shape or form then I'm in. That's not a new revelation.
"If I can be of help to the club I love in any capacity then I'm more than happy to play any part that I can.
"If the manager (Rafael Benitez) or the people running the club think there's a role for me then I'll fill it happily.
"Similarly, if the club think the best thing for the club is for me to stay out of the way then I'm not going to take offence at that either.
"At the moment there's not much more that I can say other than that if and when there's anything to say to the supporters - the people who keep this club alive - then they will be the first to know."