World champion Luiz Felipe Scolari has decided not to continue as Brazil's national team boss, saying he wants to spend more time with his family.
"I'm not the national team coach anymore," Scolari told a press conference where it was expected he would announce he had agreed a new contract.
"I have spoken to Ricardo Teixeira [the Brazilian Football Confederation president] and explained to him that I have some difficulties. I need to be with my family, and I have other commitments," he explained.
Scolari's agreement ended after the World Cup, but the Brazilian Football Confederation offered him the chance to remain in charge for another four years.
"In the next 60, 90, 120 days, until the end of the year, I will stay with my family. After that, I will look to work in Europe, which is one of my professional targets," he said.
"If I go to a European team which is not a winning team, it will become one. And if it is already a winner, it will be even more of a winner," he added.
Scolari also revealed he had received offers to give conferences in the United Arabic Emirates, Poland and several other countries.
"I'm someone much more reputed now!" he joked.
Scolari took over the Brazilian national team in June 2001, when the team was in danger of failing to qualify for the World Cup.
And despite his numerous run-ins with his critics and fans, Brazil proved everyone wrong to qualify and then win the prestigious tournament.
Scolari will coach the team one last time, in the friendly match against Paraguay, to be played on August 21st in celebration of their World Cup victory.