Kanchelskis is now managing FC Torpedo-ZIL Moscow in the Russian Second Division and has not ruled out the possibility one day taking charge of an English club.
"I'm enjoying the managerial side of things and our team have done well," he told the Manchester Evening News.
"It's hard to say whether I'll eventually manage in England, we'll just have to see what happens. I still have a lot of friends in Manchester and my son was born there.
"To be honest, United are still my life and will always be in my heart.
"I have so many great memories from my time there, including winning the league and cup double in 1994.
"Because I live in Moscow I was able to go to watch United play Chelsea in the Champions League final in 2008. I also went to the team hotel before United played CSKA Moscow a year ago. It was good to meet up with Ryan Giggs, Paul Scholes, Gary Neville and Sir Alex Ferguson.
"The English games are shown on television in Russia and I'm sure United will win this next derby because they're the better team and have the better players."