The 66-year-old Italian, now in charge of the Russian national team, following his ill-fated spell in charge of the Three Lions, has struggled to adapt to life in eastern Europe, and is already believed to be considering his future.
Chelsea owner Roman Abramovich's search for a long-term replacement for Roberto Di Matteo continues, with interim boss Rafa Benitez doing little to encourage the Russian to offer him the Stamford Bridge job permanently.
Meanwhile, Manchester City's attempts to retain the Premier League title are hanging by a thread, with local rivals Manchester United holding a 15-point advantage ahead of the Citizens' clash against Chelsea at the Etihad Stadium on Sunday.
Add to that, the fact that City crashed out of the Champions League at the group stage for the second consecutive season, and it's easy to see why pressure is increasing on Roberto Mancini.
Both sides are now believed to be monitoring Capello's situation as they consider moves for the ex-AC Milan coach at the end of the season.
"I am available and and would be flattered to be linked with jobs in this league," he told a Cambridge Union session.
"What I miss about football in England is that the stadiums are packed. The future for English football can be positive."
Capello quit his role as England boss in acrimonious circumstances over the Football Association's decision to strip John Terry of the national team captaincy.
However, the Italian was invited back as a guest at the FA's recent 150th anniversary celebrations, suggesting that the relationship between the two parties remains positive.