The Tottenham boss, who was overlooked for the England manager's job after the Football Association instead appointed Roy Hodgson, has accepted a role with the BBC.
Redknapp will now offer an insight into the matches in Poland and Ukraine as part of the BBC team, which will be headed by frontman Gary Lineker.
The 65-year-old had been the overwhelming favourite to succeed Fabio Capello after the Italian quit the national post in February, but with Hodgson appointed on a four-year contract Redknapp has accepted that the opportunity for him may not arise again.
Redknapp said: "No I don't think it will happen now - I wouldn't think it would ever happen now. I wish Roy all the best. He has got four years and I hope he sees the four years out."
The Tottenham boss added: "I hope he brings great success in the Euros. I think he will pick a squad capable of giving it a really good go. I think we have got some fantastic players in this country and I think Roy will do a great job."
The FA have made clear Hodgson was their only candidate and Redknapp was not interviewed or even contacted despite his huge public backing.
Redknapp insists the lack of an approach did not upset him.
Speaking after Spurs' Premier League win at Bolton on Wednesday night, Redknapp said: "Not really, honestly. I don't feel that at all, it is done. End of story, move on. Get behind the manager, forget me.
"I am not bothered. I am lucky, I have got a great job. There are blokes about cleverer than me managing lower division clubs. I am lucky I am managing a top-five club, one of the best clubs in the country. I didn't wake up on Monday morning and think, 'What has happened to my life? I'm not the England manager'."
Redknapp thinks that, having decided Hodgson was the man the wanted, the FA handled the matter correctly.
He said: "I don't think Roy would have gone for an interview if he was going to be interviewed with someone else - I certainly wouldn't have done. I don't think that would have worked - going back to your club with your tail between your legs. They made up their mind, they wanted Roy and that is good enough for me."