Mourinho, 56, has been out of a job since being sacked by Manchester United in December.
“I am hungry to get back, but I will wait for the right club, for the right project,” he told Sky Sports News at Silverstone ahead of Sunday’s British Grand Prix.
“And, in the meantime, I am doing things I like to do. I prefer to work, but I like other sports and this is a good opportunity to enjoy.”
Mourinho was also asked about his former player Frank Lampard taking over at Chelsea – where he spent five years as head coach over two spells – but refused to comment.
The ex-Porto, Inter Milan and Real Madrid head coach declined an £88m contract – the biggest managerial offer in world football – to manage a club in China, Sky Sports News understands.
Mourinho previously said he was hoping to return to the dugout in June, but has since said he could favour taking up a national team job.