The former England captain left Plymouth Argyle last month with the club bottom of the Championship but hasn't been put off by his difficult experiences on the touchline so far.
Rooney told the 'Stick to Football' podcast: "I would like to go back in, but it would have to be the right club.
"You always have that ego and that confidence that you can go in and get the best out of a difficult situation. It never happened that way, but I am going to enjoy time (away from management) with my family. I've been skiing with Coleen – I loved it."
The ex-Manchester United player continued: "I'm not in a massive rush to go back in – there's different things that I'm looking at to try and get involved with – unless something was absolutely the right to do.
"Every club I've been at, I've put myself in a really challenging situation. Sometimes you have got different ideas which you're trying to put across to the players, and maybe there's a bit of arrogance where you're thinking, 'This is the right way'. Having better players helps."
Rooney relocated a long way away from his family to Devon for his short stint at Plymouth but has no regrets about taking the job.
He said: "It's part of being a manager, regardless of (where you are), you're fully in it. Whether you're six, seven hours away or on your doorstep, you're ingrained in the job, so it doesn't matter where the location is.
"I loved my time there – the fans were great; the staff were great – we just hit a bad run of form. I can't fault (the players) – they were trying and giving me everything."