The 66-year-old has enjoyed a successful 30-year coaching career - the high point arguably coming when he led PSV Eindhoven to victory in the 1988 European Cup final - and is currently in charge of ambitious Russian outfit Anzhi Makhachkala.
The Dutchman has guided Anzhi into the last 32 of the Europa League while they are also on course to qualify for the Champions League via the Russian Premier League. "It was not my intention to stay very long when I joined this club," he told De Telegraaf. "I'm basically going to stop at the end of the season. At 66 years old I think I've nearly had enough."
He added: "I don't know what I'll do. Maybe I'll be an advisor or supervisor to young players or coaches. I want to teach people how to handle certain issues in football or how they can plot their career path. That sounds interesting. I will not disappear into a black hole.
"I get up every day with so much energy, but you have to be careful not to get into a routine. You have to be careful that people will think, 'here he is again'.
"So Anzhi is basically the last team which I will coach."
Hiddink shot to prominence by winning three Eredivisie titles, three Dutch Cups and the European Cup in his first stint as PSV coach between 1987 and 1990, before returning to the club in 2002 to win three further league titles.
He also took charge of Fenerbahce, Valencia, Real Madrid, Real Betis and Chelsea in a varied career, while also guiding the Dutch national team to the semi-finals of the World Cup in 1998.
Hiddink led South Korea to fourth place at the 2002 World Cup before further successful stints in international football with Australia and Russia.
Hiddink agreed an 18-month deal to manage Anzhi in February this year.