Former England coach Fabio Capello is keen on a move to the Premier League.
The news will alert Chelsea owner Roman Abramovich to the possibility of hiring him as a medium-term replacement for recently sacked Andre Villas-Boas.
A source told the Mail on Sunday: "Fabio will be very happy to coach an English club as long as the project is an interesting one. That means the club will need to match his ambition and have the money to buy the players he would need.
"Ideally, he'd like to coach for two more years and then perhaps spend a third year showing a younger manager the ropes before retiring.
"What happened with the England national team would not prevent him from returning to the country - why should it? His record with England was good."