Coleman has been out of work since January after leaving his role at Spotland and he is keen to get back into a managerial hotseat.
The 50-year-old was the third longest serving manager in England, behind Sir Alex Ferguson and Arsene Wenger, prior to his departure from Accrington to Rochdale last January.
Coleman worked minor miracles at Accrington taking them from the Northern Premier League First Division back into the Football League and guided them to the League Two play-offs in the 2011/12 season.
The Liverpool-born boss achieved his success at Accrington despite working on a shoe-string budget and his work caught the attention of League One Rochdale last season. Taking over a club bottom of the league was always going to be a huge task. Despite impressive performances and results against promoted Charlton, Sheffield Wednesday and Huddersfield the inevitable relegation occurred.
Coleman once again found himself working on a tight budget at Rochdale when relegation hit the club financially.
After a bright opening half to the season where their attacking brand of football saw Rochdale amongst the leading scorers in the league and secure wins at Gillingham, Rotherham and Bradford, their lack of defensive cover led to a dip in results and Coleman found himself on the way out of Spotland when ready-made replacement Keith Hill became available following his dismissal from Barnsley.
Coleman is keen to get back into management in the near future and is waiting for the right opportunity to come along.
"No one likes being out of work and I am eager to get back into management," Coleman told skysports.com.
"I enjoyed my time at Rochdale. It is a great club with loyal fans and I believe if I had been given a longer time in charge I could have seriously threatened the play-offs.
"We made a good start to the season, but our lack of experience at the back led to us losing games we should have won comfortably. Finances dictated that we couldn't bring in the dominant central defender that would have fuelled our promotion drive.
"At times we had a back four all aged under 21 with Ryan Edwards, Rhys Bennett, Joseph Rafferty and Matthew Pearson playing and League Two is a tough place to try and give young players the chance to play and learn their trade.
"But I took a great deal of satisfaction in helping bring through so many young players, the plaudits we received from opposing managers indicated that we were heading in the right direction and I think the younger players will benefit from the experience."
Coleman, who has been involved in management since 1997, is now ready to get back to what he knows best and is awaiting the right opportunity to come his way.
"I am keen to get back into management and there has been interest from some clubs, but I am ready to wait to ensure I make the right choice and go to the right club which matches the ambitions I have," added Coleman.
"I feel refreshed and I certainly hope to be back in work in the near future."