The former Tottenham boss will not make a rushed decision to return to management following his sacking in the summer after being the overwhelming favourite for the England post
The 65-year-old was replaced by former Chelsea boss Andre Villas-Boas following a season of highs and lows for both the coach and the club.
The north Londoners spent the majority of last season as title contenders but a sharp drop in form, coinciding with speculation over the former Portsmouth boss' links with the vacant England job, saw the Premier League outfit finish fourth but denied a Champions League spot due to Chelsea's win in Munich.
"It depends what comes up, it would have to be something I really fancy for me to do it," Redknapp told Sky Sports News.
"If I am going to do it, I will put myself into it 100 per cent and give everything I've got to it.
"We will wait and see what comes up."
Earlier this month Redknapp was appointed in an advisory capacity with League One side Bournemouth.