The 38-year-old has not participated on a full-time basis in the WRC since 2003, and the majority of his competitive exploits have come elsewhere. Now the versatile Scot – who has taken part in events as diverse as the Le Mans 24 Hour Race, the Dakar Rally, British Touring Car Championship, Porsche Carrera Cup and the Race of Champions – says he is ruling nothing out regarding future appearances.
"I have nothing planned at the moment," he told English website Crash.net. "I'm just doing lots of different bits and pieces within the sport but no driving. I'm keeping my options open.
"When I stopped doing the WRC full-time, Dakar and Le Mans were two events I targeted as wanting to do. Dakar is a huge adventure mixed in with a bit of competition; there's nothing to describe it. It's the kind of event you either love or hate, and I would love to go back."
Meanwhile, McRae has played down concerns the WRC is in terminal decline, saying it is only a matter of time before the sport recreates its glory days. He expects 2007 to be a far more closely-fought campaign than it has been in recent times.
With 25 victories to his credit since his entry into the top flight back in 1987, the Scot is the fourth most successful WRC competitor of all time, but casting an eye over the current crop of drivers and teams he insists there is no reason to panic just yet.
"I think the WRC is definitely in a bit of a lull at the moment," he acknowledged, "but these things go in cycles. If you look back to the Group B days of rallying, there were probably only two or three drivers who could win at any one time. Then in the nineties it really increased in terms of quality and quantity, but that will all come back and we just have to look forward."
McRae believes current World Champion, Sebastien Loeb, is one of the most accomplished drivers the sport has ever seen, and that anyone hoping to stop the Frenchman in his tracks in 2007 will have a huge battle on their hands.