Frank Lampard was sacked in January after 18 months in charge.
Chelsea sacked Frank Lampard following a run of five defeats in eight Premier League games which left the Blues ninth in the table.
The 42-year old was only 18 months in charge and has received flattering offers after his sacking but wishes to wait for the perfect opportunity to come up.
“I’ve had some opportunities that have come up in the last six weeks, two months, that have been flattering but not the right thing,” Lampard said in an interview.
“Nobody wants to lose their job and come out of the game you love, but at the same time … when you go into this career, this will happen, no matter how good you think you are or whatever circumstances you are in.”
Frank Lampard’s wife gave birth to a fourth child and he hopes to ease back into management.
“It was certainly the time for me to take a step out, having been managing for 2-1/2 years full pelt and having the family situation,” Lampard added.
“The opportunities weren’t quite right but I think about it. It would be something I’m keen to do, at the right time, at the right place.”