The World Cup hosts' hopes of winning the tournament on home soil ended with a 7-1 defeat and the 65-year-old says he will discuss his future after the third-place playoffBrazil coach Luiz Felipe Scolari insists he will wait until after the World Cup before deciding his future.
The World Cup hosts were humiliated 7-1 at the hands of Germany on Tuesday evening in Belo Horizonte, conceding five goals by halftime before Andre Schurrle struck twice to book a place in the final.
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Brazil now faces either Netherlands or Argentina in the third-place playoff on Saturday, and Scolari says he will discuss his future with the Brazilian Football Confederation after the tournament, as originally planned.
"After the World Cup we will make a presentation to the CBF, where we will talk about the good and the bad that we have done, and it will depend on the board."
The Selecao had been favorites to lift the World Cup for a sixth time after their Confederations Cup triumph a year earlier, and Scolari believes there were positives to take from his side's ultimately fruitless campaign.
"The tournament was not all bad," he continued. "We had a bad defeat. We have a deal with the CBF until the game on Saturday and after that, probably, we will have a conversation to sort some things out.
"With all the difficulty, we reached the semifinals. We are a hard-working team, we win together and lose together.
"There is a group which will achieve good things in two or three years. It's a long-term job but it is already being done."