Schmeichel returns to the City of Manchester Stadium on Monday after completing a loan spell at the Ricoh Arena.
Said Peter,who has been in the Sky Blues boardroom talking about his son, to the BBC: What's really important for my son now is a period of rest. He's been through a long season, you want to put your feet up, get back some normality in your head and then prepare for the next season.
"It's important that he gets settled in wherever he's going to, whatever club he's going to."
A number of clubs in the top divisions are believed to be interested in the Dane.