Dalglish, who has recently been tipped for the vacant Scotland manager's job, made clear that he had made no plans to return to the game.
He told the Daily Mail: "I have no ideas in my mind on what the future holds.
"Football is never going to leave your blood when it's been your life but I can pass the time easily.
"If someone representing a job is going to come and ask me a question it will dictate what I do in the future.
"Until then there is no point in worrying about it."