England boss Fabio Capello has assured the FA over reports that he is being investigated by Italian tax authorities.

Payments made to the England coach during his time at Juventus between 2004 and 2006 are being analysed as part of a wide-ranging investigation into the finances of major figures in Italy.

Confirmation of the investigation sparked immediate fears of Capello, who has yet to complete a fortnight as Steve McClaren's successor, being dragged into a major scandal, causing huge embarrassment for the FA.

Instead, Soho Square officials are relaxed about the matter, accepting at face value comments from the 61-year-old that he has nothing to fear.

"With my advisors, I have always endeavoured to conduct my financial business with integrity," said Capello.

"I have assured the Football Association today that my finances are in order and that I am not aware of any matters which would be of concern.

"I understand that these inquiries in Italy are part of a wider investigation into the finances of many high-profile individuals."