Portsmouth boss Redknapp accepts England chance gone
"I add a bit of profile to the investigation because, to be honest, it has nothing to do with me," said Redknapp in a public statement.
In private, he admitted he was devastated and questioned the timing of his arrest, which came just as he was gaining support for the England job.
Sol Campbell, Glenn Hoddle, Avram Grant and Paul Jewell are among those who have publicly backed Redknapp to succeed Steve McClaren.
A friend told the Daily Mail: "Harry accepts that this has all but ended any hopes of the England job, even though he has done nothing wrong."