Former England boss McClaren would consider Championship club
He admits a return to the Premier League, where he has previously managed with Middlesbrough, would be his preferred choice, but has refused to rule out the prospect of moving abroad again or dropping down into the Championship.
"I have read comments about managers who will only work in the Premier League, but in regards to the Championship, I don't think you can label anything," McClaren told Sky Sports News.
"There are as many exciting challenges in the Championship as there are in the Premier League, to take a team up. Look at what Blackpool have done, that's a fantastic achievement. That's also something that can happen.
"But also abroad there are lots of different challenges."