The Scot remains in a legal dispute with Cardiff City after leaving the Bluebirds in December.
"I'd love to go back into the Premier League at some point. Absolutely," said Mackay.
"Norwich are a previous club of mine and they are in the Premier League. It's a club I know well, but I'm in no rush to take people's jobs right now. Certainly not at this point in the season.
"Chris (Hughton) is under pressure from the media, but he's been through that before at Newcastle and handled himself immaculately. He's doing the exact same thing now.
"Invariably and generally, it's been a good stable club and I think they will stay in the Premier League again because they have a good squad of players there."
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