The Man City boss will leave the club at the end of the season to be replaced by Pep Guardiola and is set to take on a new challenge.
Manuel Pellegrini has not ruled out managing in the Premier League next season – and not necessarily with a team that qualifies for Europe.
The Chilean will leave the Blues at the end of the current campaign and will be replaced by Bayern Munich’s former Barcelona boss Pep Guardiola.
Pellegrini has been linked with a number of positions in Europe, including the Valencia job currently being undertaken by an under-pressure Gary Neville.
But the City chief is open to the prospect of staying in England.
He told the Sunday Telegraph: “There are a lot of interesting things here in England because all the clubs have money to have a good project, so surely a lot of managers will be interested in a lot of clubs.
“With the new rights from the TV deal you have more money and all the teams here in England can pick good players.
“It depends on the mentality of the manager. I always remember when I finished with Real Madrid I had a lot of different options and I chose Malaga because the project was interesting.
“It doesn’t matter which club you are going to, whether it’s a big or a small team, it depends on the project of the club and what they want to develop at the club and the players you can bring to the club.”
Pellegrini would also be unfazed by the idea of working with a club not in European competition.
“It’s very important not to play in the mid-week because you can work with your teams,” he said. “It’s impossible to work when you are just playing, playing, playing.
“All those teams who are not involved in Europe can work during the whole week, so I’m sure this season with Leicester and next season we will see a couple more teams involved with the title.”