Magath - sacked by Fulham in September last year - has been touted as a technical director at Rangers ever since he purchased shares in the Scottish second division outfit in January.
The 61-year-old, who proxied his stake to the Rangers Supporters Trust ahead of Thursday's general meeting, refused to rule out taking up a role in Glasgow.
"I would not rule it out," Magath told the Daily Mail.
"I don't know. At the moment I am fine. I follow things at Rangers closely. We have to wait for Friday then we will see what is happening.
"I am keeping in touch with things, for sure. I am interested in the situation at Rangers because I have bought shares, so of course I have an interest.
"But I'm not involved as such. I have an interest, but I am not there. I am just waiting for the result of the vote on Friday like other people."
‘He instantly popped into our ratings as one of the best U21 midfielders in Europe. The impressive thing is Slot has made him into more of a no.6' Inside Ryan Gravenberch's transformation at Liverpool
‘I don’t think Liverpool would look at Ollie Watkins, a striker isn’t a pressing issue for them – it’s Arsenal who need one’ Former Reds star explains why his old club don’t need an out-and-out forward this summer
