The former Barcelona boss will leave the German champions at the end of the season, and although Sportsmail understands he will join Manchester City, Guardiola insists he has not made a decision on his next club.
Speaking at a press conference, he revealed: 'The reason I have not extended my contract is simple. I want to manage in the Premier League.
'I haven't decided on a new club yet - I need a new challenge.'
Carlo Ancelotti has been announced as the new Bayern Munich boss and will take over at the end of the season, leaving a number of English clubs on high alert.
But even if one of England's top clubs do land Guardiola as expected, his comments at a press conference on Tuesday infer he may not stick around for long, and he also said he will not bring any Bayern players with him.
'I want new stadiums, cities and restaurants to know,' he said. 'Three years is enough in a club. I'm not a coach of 30 years staying at a club.
Guardiola will take his players to Doha on Wednesday for a warm-weather training camp as they prepare to resume their Bundesliga campaign against Hamburg on January 22.
Although his exit has been confirmed, the Spaniard is well aware he has a job to complete at the Allianz Arena.
'I want to win [the Champions League this season] with Bayern. But it is not easy. I've lost in 51 games only once. That's worth more than the Champions League. I'll never reach again.
Guardiola took over from Jupp Heynckes in the summer of 2013 on a three-year contract and has won back-to-back Bundesliga crowns as well as the German Cup, UEFA Super Cup and FIFA Club World Cup.
That haul is almost certainly going to be added to this season, complementing an impressive trophy haul that includes, among others, two Champions League and three La Liga titles from his time as Barcelona boss.
The Spaniard previously worked with City's chief executive Ferran Soriano and director of football Txiki Begiristain during his time at Barca.
Chelsea owner Roman Abramovich is said to be a great admirer of Guardiola and is on the lookout for a permanent successor to Jose Mourinho, with Guus Hiddink in charge at Stamford Bridge until the end of the season.
As for United, Louis van Gaal's immediate future seems secure but Manchester United could possibly be tempted to replace one former Bayern Munich boss with another.