But this summer he will start studying for his Uefa 'A' Coaching Licence, says FAW technical director Osian Roberts.
"Ryan has indicated he wants to come and do his Uefa 'A' Licence with us in Aberystwyth in June," Roberts said. "It's great news for us in Wales and I think it's also great news for football that someone of his calibre and status will stay in the game.
"With all his experience and expertise he's going to be a great and valued member to football in the future."
Giggs would still have to go on and gain one of Uefa's Pro Licences after taking the 'A' Licence if he wanted to manage at the top level.