McLaren say technical director Adrian Newey will not be moving to another team when his contract runs out at the end of July.
Newey (left) gives some words of wisdom to Kimi Raikkonen
However the 46-year-old, who also had a spell at Williams in the 1990s, could opt to take a break from Formula One.
"I think Adrian certainly has said he has no intention of going to another Formula One team," said McLaren chief executive Martin Whitmarsh.
"But he wants to have the opportunity to consider other things."
There had been speculation that Newey might return to Williams but he has also spoken about designing a yacht for sailing's America's Cup.
"I think often that to ease pressure on themselves, people say 'I might stop or I might carry on' but we'll see," said Whitmarsh.
"I personally doubt whether Adrian is going to walk away and I don't believe that he's intending to go to another Formula One team, although I'm sure that won't stop other teams talking to him.
"In reality Adrian has got to be somewhere that he finds challenging and enjoyable but at the moment it's not been an issue that is much discussed within McLaren."
McLaren team boss Ron Dennis said that he has been in dialogue with Newey for some months about his future.
"There are various options that we are considering and we are under no time pressure at all other than those pressures that we put on ourselves."