The Spaniard, 50, has been in charge at the Etihad since 2016. Guardiola has reportedly lifted the Premier League three times.
The former Bayern Munich and Barcelona boss said he would 'take a break' from football at that stage, with a move to international management.
“The next step will be a national team, there is a possibility. International football is the next step," Guardiola told an XP Investimentos event, as per Brazilian website Globo.
"I would need a break after seven years [at City], I need to stop and look around, learn from other coaches, and I might take that road. I would like to coach in a European Championship, a Copa America, a World Cup."
Asked about the possibility of taking charge of Brazil, he added: "They are a fantastic team. I've already worked with some of their players, and competed against others. A fantastic national team, Brazil is always a strong candidate or the favourite [for trophies]. Always has been and always will be.”
Guardiola was previously in charge at Barcelona for four seasons and Bayern for three.
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