Davies, who led the Rams to the Barclays Premier League last season, has been linked with the Scotland national post since leaving Pride Park in November. But Davies intends to take his time to wait for the right opportunity, which may even be abroad.
The 43-year-old, who also had a successful stint at Preston, told BBC Radio Five Live: "I´m certainly not one for taking a long rest and if the right thing comes along I will get back on the bike very quickly."
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