Hyypia won nine trophies during his time at Anfield, and the former Reds captain has admitted that it would be a "dream" to return to the club in a managerial capacity.
The 39-year-old told Bild: "I have got two special places in my heart. I was born in Finland, and there, the job as the national team coach is the biggest job. Liverpool has the other place in my heart.
"I don't want to say, 'That's my goal', but after the 10 years I played there, it would also be a dream to one day be the Liverpool manager."
The former Finland international has won 39 out of 63 matches in charge of Leverkusen.