The Spaniard spelled out his intentions as the nucleus of the defeated European team flew into Heathrow late last night.
Faldo, originally criticised for selecting Ian Poulter ahead of the in-form Darren Clarke, was subjected to further flak ove
r his playing order for the final day's singles in the 16 1/2-11 1/2 defeat at Valhalla.
But Faldo's 42-year-old vice-captain Olazabal – whose hopes of playing in this year's event were wrecked by his ongoing back injury – feels he could not yet commit to leading Europe at Celtic Manor in 2010.
The Spaniard said: "I told the boys that my intention is that if I get healthy I might hopefully be a playing partner in the next Ryder Cup and then we'll see after that, but time will tell."
Olazabal maintains that, even if the European Golf Union asked him, he would not be in a position to accept any time soon.
"If they wanted a decision by the end of this year, I'm not going to be able to give them that," he said.
"The scenario is that my condition is improving and I'm feeling better. I'm not 100 per cent pain-free but I'm hoping that I might be able to play one or two events at the end of the year to see how the back holds up. I'm looking next year to be back playing golf and that's why I cannot give an answer that soon."
Asked to name the possible replacements should Faldo not stay at the helm, Olazabal speculated: "There's a bunch of guys. Sandy Lyle, he's been there and being in Wales another possibility is Ian Woosnam.
"But I think it's early days. We'll have to see what the PGA decides, see what choices we have and then make a decision."
Olazabal admitted that after tasting Ryder Cup success as a player it was difficult watching the side suffer defeat at the hands of the USA in his role as vice-captain.
"I had mixed emotions, I have to be honest about it," he said. "I wanted to play but, on the other hand, it has been a great experience. I've learned a couple of things that might come in handy in the future."
