The 63-year-old led la Roja to two European Championship titles and the World Cup but could pay the price for a group stage exit in Brazil after defeats to Netherlands & Chile
The 63-year-old's position has been called into question because of la Roja's shock World Cup elimination before the conclusion of the group stage, after devastating defeats at the hands of Netherlands and Chile.
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"We have time enough later to decide my future," the former Real Madrid boss told Telecinco. "But it will probably be sorted within the next few days."
Del Bosque also argued that whether he stays on or not, Spain do not need to completely revamp their squad in order to reclaim their place at the summit of international football.
"We have ended our participation admirably and the players gave their best," he stated.
"After the opening minutes we took the control of the game and we have been better than them.
"We have performed below expectations at this World Cup and had two great rivals, Netherlands and Chile, that played really well. The merit is all theirs.
"But there are still a lot of players in this squad that can give a lot to the national team and we can't dismiss anyone because of their age.
"But we will be keeping an eye on what is coming through from underage level."
David Villa, Fernando Torres and Juan Mata got the goals as Spain ensured that Australia finished their World Cup campaign without a single point.