Manchester City attacker Raheem Sterling is set take the England captaincy this summer.
Sterling could be handed the captain's armband when England take on Holland in their UEFA Nations League opener this summer.
"It's possible depending on availability but he is in that leadership group now," Southgate was quoted as saying by the Mirror.
"We took that decision in the last couple of camps and he has fulfilled that role model brilliantly over the last 12 months in particular.
"You can see his maturity now with what had happened to him on and off the pitch. I think he is relishing that.
"He has risen to that challenge and embraced it and I wouldn't have any hesitation in making him captain that if that was the right thing."