Magath owns a wealth of shares in Rangers, and has been tipped as a potential future manager.
The two-time Bundesliga winning boss said: “I have some shares so I am still interested in what is happening at Rangers. At the moment I do not have plans to meet again with Rangers, but we will need to see what will happen.
“I am still living in Germany and everything is fine with me at the moment. I don't know when I will be back in Glasgow.”
The same story links Magath, 61, with a potential managerial or director of football role at Ibrox in the future, having been involved in the takeover which saw the previous regime kicked out of the club.
He has yet to exert his influence over the Light Blues, proxying his votes which saw the new regime take charge, and there is no reference as the whether he was involved in the appointment of Stuart McCall on a temporary basis until the end of the season.
That appointment has worked well, and although the Gers could only draw 2-2 with Falkirk last weekend, the chances of securing second place are still on, and even their current placing gives them entry into the play-offs - even if they do have an extra game to win if they want promotion to the Premiership.
If they do win their passage to the top flight, it is hard to see how McCall could not be offered a permanent stay in the Ibrox managerial chair, but Magath, out of work, could be tempted to jump into the club and take charge of the Scottish giants when their Premiership status is secured.