The former Bordeaux boss stated that he is fully focused on the upcoming Euro 2012 campaign but hinted that he would be open to leaving his post if a more secure position arose - with the Blues reported to be interested in his services.
"My intention is to continue with France but my contract has not yet been extended, and I'm not the kind of guy who will keep tapping at the door"
"But the situation is that my contract has not yet been extended. And I'm not the kind of guy who will keep tapping at the door. If it's clear, it's clear."
Such news will no doubt alert the hierarchy at Stamford Bridge as they look for their permanent replacement for Andre Villas-Boas. who was sacked back in March.
Blanc, for his part, did not play down his availability when asked about his being linked to Chelsea.
"It is always gratifying to be appreciated by big clubs. My goal is [Euro 2012]. I am completely focussed on this competition," said the Frenchman.
"But I often hear that it is the chief who decides whether or not to extend a player or coach's contract. I agree, but let's not forget that the employee may decide as well."
"If an exceptional challenge is proposed to me, I can very well decide to leave the French team. But that is not the case at the moment."
The 46-year-old also spoke of the difficulties that winger Franck Ribery faces in replicating his form for Bayern Munich with the national side.
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"With the quality of the player, he deserves our patience, to some degree. We have faith in him, and we will try to help him. But there are other players who also need our help. Franck is not the only one."
France will kick off their Euro 2012 campaign against England on June 11 before taking on Ukraine and Sweden in their other two Group D games.