The Russia coach, and interim Chelsea manager, is contracted at Stamford Bridge until the end of May but has been asked to consider a role as football consultant.
However, the former PSV Eindhoven boss insists he will not continue at the helm as is the case for his touchline adversary at St James' Park tomorrow, Alan Shearer who intends to walk away from his temporary post at Newcastle after eight games.
On the ball: But Russia coach Guus Hiddink has no plans to stay on at Chelsea
'It would be a beautiful scenario to win both cups,' Hiddink told the Evening Standard.
Competition: Win tickets for Chelsea v Bolton at Stamford Bridge on April 11NEWCASTLE v Chelsea: Shearer given options for arrival of Blues CHELSEA FC