Fabregas has also made the case for Nico Paz to spend another season at Como rather than exercise the Bernabéu buy-back clause.
The 39-year-old Como head coach spoke to El Partidazo de COPE in wide-ranging comments covering his project in Lombardy, his coaching philosophies, admired managers and the future of the Argentine playmaker who has become the most talked-about player in Serie A this season.
On his own future at Como, Fàbregas was clear. He is not going anywhere.
"I am a shareholder of the club. I saw a project, an opportunity — not just to finish playing football, but to start doing what I had already begun to love more than playing, which was coaching. I have a contract and I am very calm. I am in a place that is helping me grow and I am very happy."
He described his coaching education at Como in warm terms.
"It is like being at university every day."
Asked directly about managing Real Madrid — a club where he was never a player but spent a significant portion of his career in the rival colours of Arsenal and Barcelona — Fàbregas was more open than many might have expected.
"Is coaching Real Madrid a red line? No. A red line, and this I have had very clear from the beginning, is that I would not want to be an assistant. I have always wanted to be the head coach. The other thing — the possibility of Madrid? I haven't thought about it, I haven't evaluated it. I haven't had time for anything."
On the coaches who have influenced him, Fàbregas reserved his deepest admiration for former Arsenal manager Arsène Wenger — "for everything he believed in me" — while also revealing a professional regret.
"Of the top coaches, I would have loved very much to work with Carlo Ancelotti. What Luis Enrique is doing seems incredible to me."
On the Real Madrid dressing room situation and the tensions around Xabi Alonso's handling of Vinícius Júnior, Fàbregas spoke with the authority of someone who has thought deeply about collective management.
"What happened with Xabi Alonso and Vinicius — that is a moment where you have to be prepared to make a good decision. And above all, what makes you a better coach is that you have to think of the group first. No one is better than the group, no one is stronger than the group, and no one is above the group. If you have the group united and strong, whoever wants to go their own way — you will always have the respect of the group and things will always go better for you in the long run."
On Nico Paz, whose 13 goals and eight assists in 38 appearances this season have prompted Real Madrid to consider triggering a €9million buy-back clause this summer, Fàbregas was relaxed but pointed.
"Another year here would be very good for him. We haven't talked about his future yet. Neither Madrid nor the player have told us anything. I am very calm because I think he will make the right decision."
He described their relationship in notably personal terms.
"I see him almost like a son. He has grown a lot."
Como are finishing the season having qualified for the Europa League — a remarkable achievement for a newly promoted side. Fàbregas considers Spain the clear favourite for the World Cup. Whether he will still be in Italy next season to continue the project may depend on what happens with Paz's future and who else comes calling.