The Azzurri shocked the footballing world when they failed to qualify for the 2018 World Cup after losing to Sweden in the play-off tie.
It will be the first time Italy has not appeared at the tournament since 1958.
Conte, who coached Italy for two years before joining Chelsea, has made no secret of his desire to return to his homeland.
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!