Sredojevic was sacked by the White Knights after allegedly having a disagreement with club boss Mortada Mansour.
The Serbian coach is set to travel to South Africa to “sort out some issues”, but the mentor says he would like to take a break from coaching to think of his next move.
“I’ll be taking a break. But we shall see what happens soon,” Micho was quoted as saying by the Daily Sun.
“I’m not bitter or anything. But I wish the club well going forward.”
Sredojevic was in charge of Pirates for two seasons before relocating to Egypt in August this year to coach Zamalek following reports of an alleged sexual assault on a woman at a hotel.