Reid (37) has suggested that the U21 opportunity would appeal to him, with the Londoner prepared to take the responsibility of a number one in whatever his next role proves to be.
"It could possibly tempt me, it definitely could," said Reid, speaking to the Keith Andrews Show on OffTheBall.com.
"I think it's an important role. You're looking at an U-21 group where most of them are in the development stage so I don't think it can go to someone who has no experience in that type of role or working in the game.
"It would be a difficult one for a first job to head that up. The FAI might already have someone in mind that they have earmarked.
"After the last three years, you get a feel of what you like (as a coach), what you maybe don't like as much and then sometimes you get a little bit frustrated as well and you think that you want to plan a session a day or two before or however you might want to work (as a manager)."