The former AC Milan boss, who has managed the national team for 12 years, was unwilling to discuss whether he has a future in the role.
"I don't know of any coach who can decide his own future," The Mirror quotes him as saying. "I still have a contract, but I am not going to talk about what might happen because this is not the time.
"There are associations who are there to decide these things and if I made a comment now I would be going against my principles.
"I don't know what is going to happen, but Uruguayan football will continue to grow and develop its history."