The former Republic of Ireland manager has admitted that he still retains an interest in the role of Irish manager, but said that it would only transpire when the time is right
According to the Irish Examiner, the former Wolves boss has also quashed reports that he was set to take over the reins from Giovanni Trapattoni when the Italian's position came under scrutiny following the record 6-1 home defeat by Germany.
"I don’t discuss my contract, so where those stories have come from I don’t know," McCarthy said. "There were all sorts of stories that I’ve been tapped up and I’ve spoken to [the Football Association of Ireland (FAI)], but it was barefaced lies. Nothing in it at all."
However, McCarthy revealed that he would return to the post of Ireland manager, which he occupied from the period of 1996 to 2002, but only when Giovanni Trapattoni, who is contracted until 2014, had moved on.
"I’d go back, but when it’s right, when it’s available," admitted McCarthy. "I’m not trying to add pressure on to anybody else."