Guus Hiddink will stay at Chelsea as a consultant to improve the club's academy after leaving his role as interim manager.
The Dutchman took over from sacked Jose Mourinho in December but failed to finish in the Top Four this season.
He will be replaced by Italy's Antonio Conte at the end of Euro 2016.
Meanwhile, he says club legends Didier Drogba and Petr Cech would be a huge asset for the club if they decide to rejoin after they finish their careers as footballers.
"They [Didier Drogba and Petr Cech] have had a great impact here," Hiddink told FOX Sports.
"Once they are really finished with their playing careers, they can be of great value to the club, as an assistant or scout."