In an interview with Spanish website Voz Populi, the 75-year-old had said earlier in the day: "Luis is in the past: he's finished, I won't coach any more."

But later on Thursday he claimed his words had been misinterpreted and that he was still interested in coaching, as long as a good enough offer came up.

"About this, no-one is retiring, never," Aragones told the Mundo Deportivo newspaper.

"I haven't announced anything. They misinterpreted my words, at no moment did I want to say that I was retiring.

"Time has passed and I haven't returned to coaching because none of the offers I've had in this time have tempted me, but that doesn't mean that I've left."

However, his earlier comments on Vozpopuli.com had suggested otherwise.

"Age has retired me and it wasn't a difficult decision to make," he said.

"Before retiring, when I left Turkey (where he had coached Fenerbahce until 2009), I knew it was going to be difficult to continue and today I know it is definitive.

"There are many circumstances. Age, where can you coach, how can you coach... there are many things which make you say that it is finished."

If he did choose to retire, he could be well satisfied with his contribution to football in Spain.

As well as the Spanish national side, Aragones trained ten different clubs during a 35-year coaching career.

He is most fondly remembered at Atletico Madrid with whom he won La Liga in 1976/77, and three Copa del Rey titles across three spells in charge.

However, his crowning glory came in Austria and Switzerland in 2008 when he guided the until then perennially underachieving Spanish national side to their first major tournament victory since 1964.

Despite emerging victorious over Germany in the final in Vienna, Aragones stood by his pre-tournament decision to step down as Vicente del Bosque took over to guide Spain to their first World Cup in 2010 before retaining their European title two years later.

Aragones returned to management just once after leaving La Seleccion at Turkish side Fenerbahce, but his reign was short lived as he was sacked after a disappointing first season in charge.

Although widely revered in Spain, Aragones's coaching career was not short of controversy, most notably in 2004 when he was accused of using racist language to describe then Arsenal forward Thierry Henry in a bid to motivate Henry's club teammate Jose Antonio Reyes.

Aragones protested his innocence, claiming his words had been misinterpreted, but he was fined 3,000 euros ($4,100, �2,500) by the Spanish Football Federation for the incident.