Nick Mallett is the favourite to replace Martin Johnson as England head coach, with Smith seen by many as the ideal right-hand man because of his All Blacks experience.
The former Northampton director of rugby was reportedly approached by the Rugby Football Union when he linked up with Mallett for the Help for Heroes charity match.
Smith is committed to working with the Waikato Chiefs for the Super 15 season, which ends in September, but he is keen on a return to international rugby.
"There are always opportunities on the table. It is my craft and it is my professional. If it (a job with England) ever came along I'd have to have a look at it, but certainly not in the next six months," Smith told TV3 in New Zealand.
"I'd like to coach Test match rugby again as a head coach or within an environment like we had (in the All Blacks). It was like being head coach, you had the same accountabilities."
Smith has signed a two-year deal to work as assistant coach with the Chiefs but head coach Dave Rennie confirmed they would not hold him to it.
"It was a real coup getting Smithy in the first place. He signed a two year deal but our view has been that if he got the opportunity to coach international rugby again we would not stand in his way at all," Rennie said.
The RFU are currently finalising the interim management team that will take charge of England for the Six Nations, with Stuart Lancaster considered favourite to be the caretaker head coach.
Gilbert has released a new line of rugby cleats. The Gilbert Virtuo 8S is part of the exciting new product. Check it out.
The entire All Blacks apparel line has been updated for 2013/14. Check out the New Zealand All Blacks polo.
The Nike Tiempo is a solid rugby cleat and one of few styles still made from full-grain natural leather.
The Gilbert Blitz 8S rugby cleat is a great cleat at a great price of $69.99. Get a new pair of cleats today.
A cool looking all black rugby cleat with the high performance adidas is known for. Get in the Gear!
Wear the crest of the British and Irish Lions on your t-shirt. A great look for the summer.
The All Blacks Performance t-shirt is black with hints of blue from the training jersey. Very Cool.
The New Zealand All Blacks training jersey for 2013/14. Get in the Gear!
The USA Rugby Pro Alternate rugby jersey is perfect for any fan of the Eagles. Get yours to wear during the summer Test matches.
The NEW All Blacks 2013/14 jersey has arrived at World Rugby Shop. Dare to wear the colors of the All Blacks.