Capello's £6million-a-year contract is due to expire in the summer and the Italian has already been linked with a number of high profile jobs.
However, with favourite Harry Redknapp set for a court case for tax evasion, Capello might suddenly look like the best option if England perform as hoped next summer in Poland and Ukraine.
Sir Trevor Brooking: "Let's worry about that when it happens.
"Fabio's contract ends in the summer and the mindset is for change but you never say never.
"We are certainly hoping to do better this summer than we did in South Africa.
"If we could get someone home grown it would send out right message.
"It would launch a new era and we do want a system where we have an English coach.
"But we don't want to lock it in. How many candidates are there?
"I am sure Harry Redknapp would be high in the betting but we will look at it on merit at time.
"When it comes to the end of the season it will be clearer."