Luiz Felipe Scolari says he has not received an offer to coach Brazil and is likely to stay with Palmeiras at least for the next two years.
Scolari has been touted as one of the possible replacements for Dunga, who was fired as Brazil coach after the team was knocked out of the FIFA World Cup in South Africa at the quarter-final stage by the Netherlands.
The former Chelsea manager was officially introduced on Thursday as Palmeiras' new coach and said he was fully focused on his new challenge with four-time Brazilian champion.
He left open the possibility of taking charge of Brazil again in the future, but he said he was "committed to Palmeiras."
Ronaldinho and Kaka have been excluded from Brazil's 23-man squad for next month's FIFA Confederations Cup.