The Portuguese has repeatedly been rumoured to be on his way out of the Santiago Bernabeu at the end of the season.
"If I go, I will not be on holiday for a year," he told reporters.
"If I do not work here, then [I will work] somewhere else. Will I coach in England? [I will coach] anywhere, maybe in Netherlands."
Third-placed Madrid are currently 11 points behind leaders Barcelona in the La Liga table.