Not that you can ever trust the shite that people in football talk but he recently stated that he's finished with management and he wants to concentrate helping youth/kids etc.
You never know in the long run and obviously people change their minds but I personally don't think he will. He was supposedly contacted after Lennon left Hibs, but showed absolutely no interest in taking up the position. I felt that if anyone stood a chance of enticing him back into management it would be Hibs, given he was born not far from Leith/Easter Road and has always supported them.
One possible way I could see him back in management. is kind of by default, if say Dundee sack McPake at some point and maybe turn to Strachan to take over in a caretaker capacity, which might lead to him taking the job up.
Yes, he had a great swansong at Leeds but having seen most of his career, his playing days at Aberdeen were his best.