"The rebuilding takes a lot of doing. It might need someone fresh to come in," je told BBC Radio Sheffield.
"I've got to reflect about what I'm going to do and the club's going to do. This is a serious time for the club and myself. I need time to think and I will decide later on."
Scunthorpe could be up against their former player Jermaine Beckford next season, after he turned down a three-year deal to stay at the League One side Leeds United.
The Yorkshire side, beaten by Millwall in the League One play-off semi-finals, have transfer listed the player as a result. It appears likely he will join a Championship side.
Beckford, who spent the latter half of the 2006/07 on loan at Glanford Park, scored 34 goals for Leeds this season.
The Coventry City manager Chris Coleman has escaped with a fine after criticising referee Steve Bennett's performance in the 2-0 FA Cup sixth round defeat by Chelsea
He was fined £2,500, although £2,000 of that is suspended until the end of next season.
Two clubs heading to the Championship for next season have had to deny speculation linking their managers with the vacant positions in the Scottish Premier League.
Peterborough United, promoted as runners-up from League One say Darren Ferguson is staying despite being linked to Aberdeen.
West Bromwich Albion, relegated from the Premier League, have denied rumours linking Tony Mowbray with a move to Celtic