Lippi has been without a job since resigning as China head coach in November last year following a 2022 World Cup qualifying defeat to Syria – his second stint in charge of the Asian nation lasting just six months.
The 72-year-old tasted silverware with Italy, Serie A giants Juventus and Chinese powerhouse Guangzhou Evergrande but the Italian great will not be returning to the dugout.
"I'm definitely done with the coaching job," Lippi told Radio Sportiva . "That's right, it's enough. Maybe I could be useful in other roles, let's see. But nothing until spring."
Across two stints as Juve coach, sandwiched in between a one-year tenure with rivals Inter, Lippi won five Serie A trophies, four Supercoppa Italiana crowns, the Champions League, UEFA Super Cup, Intercontinental Cup and Coppa Italia.
After leaving Juventus in 2004, Lippi helped Italy to World Cup glory in 2006 and he was re-appointed by the Azzurri in 2008 following two years away from the national team.
Lippi however struggled to carve out success with China's national team and announced his shock resignation in November last year after a disappointing loss against Syria.
“A team should give everything on the pitch. The tactics of the head coach should be carried out. If the player is afraid of losing the game, then there is no fighting spirit, desire, guts," Lippi said post-match.
“It is my responsibility, the head coach's responsibility, although we defeated Guam and the Maldives, but the team that we played against today was better, more coordinated and organised than us.
“My annual salary is very high. I am fully responsible for this loss. Now I declare that I officially resigned.”