The 63-year-old Dutchman enjoyed his first experience of English club management last season, when he led Chelsea to FA Cup glory.
Heading back to England? Guus Hiddink confirms he will leave Russia job
And although a return to Stamford Bridge as manager seems unlikely,considering the success Carlo Ancelotti is enjoying, Hiddink would benear the top of the list for any other club seeking a new boss.
Hiddink was recently linked with Rafael Benitez's job at Liverpool,if the Spaniard moves on from his Anfield post at the end of thecampaign. He was also suggested as a contender to take charge atManchester City before the Eastlands club turned to Roberto Mancini.
If he decides to call a halt to his 28-year career in management,which began at Dutch team De Graafschap, then a role on the Chelseastaff could still beckon.
With Chelsea's season in danger of collapse last February, Hiddink'sarrival sparked a surge which saw the team reach the semi-finals of theChampions League and push Manchester United all the way at the top ofthe Premier League.
Chelsea suffered just one defeat during his time at the helm, a 1-0reverse to Tottenham at White Hart Lane, and players and fans were allkeen for him to stay.
Arrogant John Terry claims he's 'big enough to take responsibility' for Everton goalsNew England captain Rio Ferdinand's 'stag night fling with model'Forgiven: John Terry kisses and makes up with wife Toni by pool in Dubai