Giggs joined David Moyes' new-look back-room staff over the summer.
Asked if he would like to manage Wales in the future beyond current chief Chris Coleman, he replied: "If you've played for your country and then you go into management then yes, of course.
"It's like when you are a player starting out. You want to play for the team you supported or you're at. I did that. You want to play for my country. I did that. And it's similar to being a manager.
"But I'm no fool. You can't just walk into a job because you had a career in the game. You have to be deserving of managing your country because it's a massive honour."
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