Ranieri concedes European success with the Giallorossi is his ultimate ambition.
"It's a dream come true to be the Coach of your city's team, of the team that you supported as a boy and with whom you started your career, and then after 35 years of travelling Italy and Europe returning as Coach," Ranieri said.
"It's something wonderful."
"Sure it's a taxing job because you have a double responsibility as a Coach and as a fan.
"Bringing the Champions League to Rome. I don't dare think about it. Everyone would go crazy.
"It would be the most beautiful thing ever seen in the capital."