The 56-year-old says he is unsure whether he will still be in charge after the 2014 World Cup and admitted that he misses working with a club.
The 56-year-old has been in charge of the Azzurri since 2010, leading the team to the Euro 2012 final and ensuring its passage to next summer's tournament.
It has been heavily rumored that he will seek pastures new once the tournament is over and he has now admitted that he misses working with a club.
“I will make an official announcement on my future when the time is right,” Prandelli told Sette.
“I won’t say yet whether I will continue to boss the national side or if I will move to a club side. But I will confirm that I miss working on a daily basis.”
Italy qualified for next summer's showcase event on Tuesday, overturning a 1-0 deficit to beat Czech Republic 2-1, thanks to goals from Giorgio Chiellini and Mario Balotelli.
Prandelli has coached Parma, Roma and Fiorentina previously, among others.