Bristol have already lost many of their stars to rival clubs, but the 28 year-old Argentine scrum-half has yet to finalise his movements for the forthcoming season.
"I am speaking to a number of clubs, one of which is Stade Français, but it is early stages and I'm keeping my options open," Pichot bristolshoguns.co.uk.
"I've loved my time at Bristol Shoguns and made a lot of very good friends, but the last six months have been extremely difficult and emotional.
"I've now had time to absorb and take in what went on during the last few weeks of the season, and the messages of support from the Bristol fans have gone a long way to helping everyone get through the disappointment of relegation."
Pichot is currently preparing for the Pumas' World Cup build-up with a tour to South Africa at the end of June, when Argentina will play a fixture with South Africa 'A' and a Test against the Springboks.
"I've been doing a lot of extra fitness work over the last few weeks to ensure I'm in the best shape for this summer's warm-up games and the World Cup in the Autumn.
"The last World Cup gave everyone associated with the Pumas some great memories and I hope that the 2003 World Cup will bring similar moments," added Pichot.
The Argentine No.9, along with his former Shoguns colleague Felipe Contepomi, play defending world champions Australia in the opening match of RWC 2003 at Stadium Australia in Sydney on October 10.