The Ukrainian football federation (FFU) has offered Andriy Shevchenko the chance to coach the national side.
PA PhotosThe Ukraine - Forward! party failed to earn any representation in parliament at last month's elections
Ukraine are searching for a new coach after Oleg Blokhin departed to take charge of Dynamo Kiev in September, and Shevchenko, who retired from the game in the summer, has been handed the chance to take the reins.
A statement on the FFU website read: "President of the Football Federation of Ukraine Anatoliy Konkov has decided to invite Andriy Shevchenko to take the post of head coach."
Shevchenko, 36, has no managerial experience and had expressed a desire to enter politics during the summer, subsequently joining the Ukraine - Forward! party, but suffered disappointment at elections last month.
Konkov has high hopes he can now make a successful return to football.
He said: "Remember - Pep Guardiola achieved incredible results in a few years! I'm sure Shevchenko also be able to conquer great football countries as head coach of this country. He has enough experience and character. The federation, in turn, will ensure to give him all the help he needs with the national team."
He added: "Andriy has played for renowned clubs such as the Dynamo Kiev, Milan and Chelsea. They were led by legendary coaches like Valeriy Lobanovskiy, Carlo Ancelotti and Jose Mourinho.
"He has had a unique ability to absorb their talent, their knowledge and their experience."
Information from the Press Association was used in this report.