World Cup winning coach Luiz Felipe Scolari claims he would love a return to the Brazil bench but believes it is unlikely to happen in the next couple of years.
Scolari, who steered Brazil to success in 2002, has been strongly linked with a return to the helm after Dunga's contract was not renewed following Brazil's disappointing World Cup campaign.
However, the former Chelsea boss has verbally agreed a two-year contract to take charge of Palmeiras and he claims he is unlikely to go back on his word.
In quotes reported on Globoesporte, Scolari said: "It's a matter of pride, after so much time away from Brazil, that people still like me, and think of me as possible Brazil coach.
"It is natural that I can never say that I will not work in the Brazil national team. But at the moment, I have a verbal agreement with Palmeiras.
"That said, I'm saying that I could be working for the national team in 2014 in my country, or for another selection."
Speculation is rife former AC Milan coach Leonardo could take over the reins of the national team until 2012, when Scolari will be free to guide them in the run up to the World Cup finals in Brazil.
Leonardo has only one year of coaching experience under his belt and the 40-year-old admitted last week it might not be the right time to take charge of Brazil but knows it would be a difficult position to turn down.
Brazil's hopes of a sixth World Cup triumph ended at the quarter-final stage in South Africa as they let slip a 1-0 half-time lead to suffer a shock 2-1 loss to eventual runners-up Holland.