Italy defeated Spain 2 - 0 in the round of 16, making Spain not to defends the trophies won in the last two championships.
Del Bosque told a radio RNE: "Without a doubt, I have no itention to remain as coach, but you have to be discreet. No matter what the result of the Euros, I had no doubt about what my future would be.
"I have handled this issue discreetly. But it is a decision that was taken in advance."
Del Bosque, who succeeded the late Luis Aragones after Spain won 2008 European Championship will be replaced in the next few days as reports from some major newspapers in Spain that ex-Granada coach Joaquin Caparros is in line to take over.
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