The Argentine won widespread praise for guiding the nation to the quarter-finals of the World Cup and is weighing up his options before deciding on his next move
Colombia hope to begin talks with coach Jose Pekerman about extending his contract with the national side next month.
Argentinian Pekerman won plaudits from far and wide for leading an exciting Colombia side to the World Cup quarter-finals, where they were knocked out 2-1 by hosts Brazil.
The 64-year-old's contract expired after the tournament and he is yet to confirm his commitment to the South American nation.
However, Colombian Football Federation (FCF) president Luis Bedoya Giraldo insists Pekerman is merely taking a well-earned break from football prior to resuming talks in August.
A statement read: "The Colombian Football Federation wants to ratify Jose Nestor Pekerman has requested a rest period, in order to attend to personal commitments, a situation that deserves all the respect on our part.
"Therefore formal talks for his continuity with the Colombia selection only will start in the first days of August.
"Any additional information will be delivered through the various media officers of the FCF."