Warne said he called it quits to focus on his business interests, poker tournaments and be with his three children and girlfriend Elizabeth Hurley.
The spin great, who took 708 Test wickets, retired from Test cricket after Australia whitewashed England 5-0 in the Ashes in early 2007 but continued to play in the cash-rich IPL.
Warne said he is looking out for a short stint as a consultant with the Royals or any other franchise next season.
"I wouldn't be here as a coach for the entire tournament. No point being here for seven weeks and don't play. But I can see myself in a consultancy sort of a role...may be ten days pre tournament or a week in the middle or a week in the end. That might be with the Rajasthan Royals," he said.
"In the next 12 months I might not be associated (with Royals), it may be somebody else. Royals will be my first priority. If I can't come to an agreement with them I will look elsewhere and see whatever team (as consultant) for a week or so. If I don't, I will play another poker tournament and watch on the telly.
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