Mosimane was sacked two years into his four-year contract after a disappointing 1-1 draw against Ethiopia in South Africa's opening 2014 World Cup qualifyier on June 3.
Since his dismissal, Mosimane has been linked with a move to Soweto giants Orlando Pirates, touted to become the club's technical director.
The former Bafana mentor was also linked with a move to Bidvest Wits following the dismissal of Roger de Sa. However, the job was given to Antonio Lopez Habas.
In a chat with KickOff.com, Mosimane said he would weigh up his options once he had finished dealing with "some issues".
"I will make a return to local football. Not now, but when I have finished with some issues that I am dealing with," says Mosimane.
The former Bafana coach did not want to talk about his pending dispute with Safa, which is being handled by the Commission of Conciliation, Mediation and Arbitration (CCMA).
The former SuperSport United coach, who is said to have earned R800 000 a month, is reported to be seeking around R10-million for his unfair dismissal, while Safa are said to have offered him about R5-million.
"That case is being handled by my lawyer so I have nothing further to say," he says.