Roy Hodgson has confirmed that he will not be at Watford beyond the end of this season and says the job could be his last as a manager.

The former England boss came out of retirement to take over at Vicarage Road following the sacking of Claudio Ranieri.

However, he has not been able to reverse the Hornets' fortunes, with the club on the brink of relegation after Saturday's home defeat to Burnley.

While he was always expected to move on at the end of the season, his assistant Ray Lewington muddied the waters by suggesting the pair might be interested in staying with the club a bit longer, should they be asked. But Hodgson has today put any talk of an extension to bed.

Speaking to Sky Sports after receiving a CBE at Buckingham Palace this afternoon, the 74-year-old said the job will "end" once the season is over and said he would not be putting his name forward for any future vacancies.

"It was quite simply a discussion between myself, Gino Pozzo and Scott Duxbury and they said to me, 'we have this job that we think needs doing,'" said Hodgson. "I made it clear it needed to be a short term one between [then] and the end of the season and I came out of retirement to do that particular job.

"Now that job unfortunately is ending and I've enjoyed my time doing that job, but I don't think I shall be putting my name forward anymore for further sorties, if you like, into the world of Premier League football because it's a very demanding world and I think perhaps now I've earned the right to step back, enjoy a bit of free time and spend some time with my wife and son."

Asked if he might get itchy feet following his retirement, Hodgson continued: "I don't think you ever lose that. I think you could speak to any of the managers that have decided to step aside and announce their retirement, but they still do something within the game.

"I would like to think that I'm always going to be passionate enough about the game and involved enough in the game that some particular aspects of work might come my way which I think I can happily do.

"But as I say it's not something I'm punting for and certainly I don't think I'll be in charge of a Premiership team. I think that's my swansong on that one."

Work to replace Hodgson has already begun, with ex-Watford captain John Eustace the current bookies' favourite to take charge at the Vic next season.