Modano said during a news conference Tuesday that he will wait until mid- to late-summer to make a decision about playing in the 2010-11 season.
The 39-year-old said he struggled with his endurance this season. Of the 82 games the Stars played, Modano played in 59 of them last season. He scored 14 goals in the 2009-10 season and remains the highest-scoring American player in NHL history. In the 2008-09 season, Modano played in all 82 regular-season games for the first time in his NHL career.
When asked about his interest in purchasing the team from current owner Tom Hicks, Modano confirmed that he was approached about about it and is interested in ownership. ESPN Dallas reported Monday that Modano, former team president Jim Lites and Arlington businessman Billy Quinn were forming an ownership group that hoped to purchase the team from Hicks.
Modano has been with the Stars since they moved to Dallas in 1993 from Minnesota. He was drafted by the Minnesota North Stars in 1988.
In related team news, general manager Joe Nieuwendyk said Tuesday that the Stars will not re-sign goalie Marty Turco, who just completed his ninth season with the team. Nieuwendyk said that he felt it was time to go "in a different direction."
NBCDFW's Matt Barrie contributed to this report.