The 61-year-old Italian now appears to be the front-runner for the post following Jose Mourinho's decision to rule himself out of contention.
Shearer To Assist Capello As England Coach!
The Football Association are not thought to have yet ruled out other candidates, including Aston Villa boss Martin O'Neill, but the former Real Madrid and AC Milan coach appears to be in pole position, and his son was reported to have told Sky Sports that Capello is keen on the job.
Newspaper reports claimed former Chelsea striker and fellow Italian Gianfranco Zola could be brought in as part of Capello's backroom staff, while ex-England captain Alan Shearer and under-21 boss Stuart Pearce were also linked with roles.
Mourinho was a candidate who ticked all the boxes: he is a 'world-class' coach - something that FA chief executive Brian Barwick has told FA board members he will find - he knew the English game and he speaks the language fluently.
Capello and former Italy coach Marcello Lippi can also be regarded as world class - especially Lippi who is already a World Cup winner from last year - but both have rudimentary English.