Dunga's reign as Brazil coach looks to be at an end following their World Cup exit at the hands of Holland.
The 46-year-old took up the post following the Selecao's elimination from the 2006 World Cup in Germany, signing a four-year deal.
Asked about his future after Friday's 2-1 quarter-final defeat to the Dutch at the Nelson Mandela Bay Stadium, Dunga said: "I have been contracted for four years and we knew this right from the start. During the last four years, I have been very happy to coach this Brazil team and if you were to look at our players' faces now, you would probably understand how they feel."
Robinho's 10th-minute opener, which came shortly after he had seen an earlier strike ruled out for offside, gave the Brazilians a deserved lead in Port Elizabeth.
It could have been all over by the break but for the heroics of Oranje goalkeeper Maarten Stekelenburg, who made a stunning 31st-minute save from Kaka.
However, Felipe Melo's 53rd-minute own goal gave the Dutch a lifeline and a rare header from Wesley Sneijder 22 minutes from time gave them their winner before Melo was sent off for stamping on Arjen Robben.
The defeat came as a bitter blow to the five-times winners.
Dunga added: "We are all extremely saddened. We didn't expect this and we hoped for a different result.
"We knew it was going to be a very delicate, very difficult game, but we weren't able to maintain the rhythm we had in the first half in the second half."