The Russia boss admits that, at 63, his days as a tracksuit manager are numbered, but he remains keen to stay in the game.
It is believed that former club PSV Eindhoven have offered him a job on the board, but Hiddink is more keen on being the link between the head coach and the men in suits.
'I am interested in working as a technical director,' said the Dutchman. 'On one hand, I am getting no younger and to work every day becomes less simple.
Chelsea pensioner? Hiddink
'On the other hand, compared to working on the board, where you only have to agree or disagree on various business decisions, the responsibilities of a technical director are more closely related to team affairs.
'This job offers tighter influence on strategy and future development of a club. It is closer to me.'
The plan was for him to informally advise Chelsea after leaving as interim manager at the end of last season, but Stamford Bridge boss Carlo Ancelotti has given his blessing for the pair to work together on a more permanent basis.
Hiddink is tied to Russia until July and has been offered a two-year extension, but he has a clause in his contract allowing him to leave now following the failure to qualify for the World Cup finals.
He could be convinced to stay in his current job - and perhaps even share his services with Chelsea - if Sergey Kapkov, Roman Abramovich's right-hand man, is named the next head of the Russian FA in February.
However, outgoing Russia chief Vitaly Mutko wants a decision as soon as possible and he said yesterday: 'We agreed with Guus that he would decide as soon as possible. We agreed to meet again before the end of the year and come to a decision.' Triple boost for Chelsea as Drogba, Ballack and Deco return for Porto clashChelsea teen Kakuta crashes back to reality in Blues second string defeatEx-Chelsea boss Hiddink considers future after Russia's nightmare defeatCHELSEA FC