The former West Ham United, Portsmouth, Southampton and Tottenham Hotspur boss has been regularly linked with a return to management after walking out of Queens Park Rangers midway through the season.
The 68-year-old, who started his management career with Bournemouth, was expected to announce his retirement when he left Loftus Road in February, but he has since insisted he would be back in management at the earliest opportunity.
But Redknapp has revealed his allegiances for next season's Premier League.
When asked on TalkSPORT about his future plans, Redknapp said: "I don't know really, I'm quite enjoying retirement at the moment.
"I'm taking it easy and I'm just about to buy two season tickets at Bournemouth if I can't get hold of any, but it's not easy."
When pressed on whether he will be back in the dugout anytime soon, Redknapp hinted he is not ready to call it a day just yet.
He said: "We'll see what happens. If something decent comes along I'd love to get back in obviously."
Redknapp has recently been linked with a shock return to West Ham to replace Sam Allardyce after an apparent change of heart over a Boleyn Ground comeback.
He had ruled out the possibility of an Upton Park return back in February.
But he performed a U-turn when appearing as a guest on Sky Sports' Fantasy Football Club recently saying: "The club is in my blood... I couldn't sit here and say I wouldn't want to manage West Ham again because anybody who has played there would love to go back there, it's a great club."
The man who was famously ditched by the FA after being lined up for the England job is one of the most experienced and colourful characters in the game and will surely have no shortage of job offers this summer.