"I wish and hope he has good luck and does really well in his adventure with the English national side," Calderon said in Marca. The FA turned to Capello after dismissing McClaren following England's failure to qualify for Euro 2008.
"I am sure that all will go well because he is an expert coach in difficult situations and currently England are not in a straightforward situation. I am sure that all will be well," Calderon said.
"The English national team are suffering from the fact that many of their best teams have a lack of English players in their ranks. It is a problem that concerns the powers-that-be in England, but even so I am confident in the work of Capello."
Capello's former boss at AC Milan, club owner Silvio Berlusconi, has expressed his pride over the Italian's appointment as England manager.
When asked about the man he once employed as coach at the San Siro, Berlusconi said: "I am very proud like every Italian that a nation which is the birthplace of football has chosen an Italian coach to become their manager.
"This is a message that Italy is the number one nation of football, considering our World Cup success and now Capello being chosen as the England manager."