(CNN) -- Asia won the Royal Trophy for the first time as they wrapped up a 10-6 victory over Europe after the concluding singles in Thailand.
Olazabal's next captaincy role may well be for Europe in the 2010 Ryder Cup.
Asia held a five-point lead going into the eight singles matches at the Amata Spring Country Club near Bangkok, but despite a European rally held on for a comfortable win.
Asia, captained by 'Joe' Ozaki, needed just two points to clinch overall victory and Prayad Marksaeng defeated Pablo Larrazabal 5&4 after Paul Lawrie had claimed a 3&2 triumph over Liang Wen-chong for his third point of the weekend.
But Japan's Toru Taniguchi sank the winning putt as he romped to a 7&6 success over a Niclas Fast of Sweden, who disappointed all week.
European captain Jose Maria Olazabal, standing in for close friend and victorious 2006 and 2007 skipper Seve Ballesteros, who is recovering from surgery on a brain tumor, had hoped for better things from his experienced line up.
Olazabal congratulated Ozaki's team before hinting Ballesteros would return to reclaim the trophy in 2010. "My last words are for Seve," said the Spaniard as he addressed his eight-man team.
"He is recovering from some health issues, but even though I'm the captain this year, I might not be the captain next year - and I can assure you he is going to be tougher than I was," he told the Press Association.
The 42-year-old also hinted he would consider the Ryder Cup captaincy for the match against the United States in Wales in 2010.
"I would love to be considered, I'm not going to deny that," he said.
"I've never denied that being captain of the Ryder Cup is something really special, it's a privilege, but it's always been like that."
The European Ryder Cup committee meet in Abu Dhabi on Tuesday to consider the successor to Nick Faldo who saw his European team soundly beaten by the U.S. at Valhalla last year.