Former England boss also says he will retire when he quits Russia.
Former AC Milan boss Fabio Capello has advised Massimiliano Allegri not to take the Italy job, as he believes he is still too young.
Speculation has been increasing over the future of current Azzurri coach Cesare Prandelli, with many tipping him to step down after the World Cup in Brazil next summer.
With Capello also on the list of possible successors, he has ruled himself out of the running while also advising Allegri that it may be too soon for him as he will benefit from continuing his career on a day-to-day basis at club level.
“I will not be Prandelli’s replacement. I will close my career as a Coach after the experience with Russia,” he said as reported by Football Italia.
“He is too young and I would advise him not to become a national team Coach, but rather continue his growth process working every day on the training ground.”
Allegri has recently revealed that he would be honoured to take the job but insists he is happy at Milan for now although his contract is set to expire next summer.
As a result, he has been installed as one of the favourites to be appointed Prandelli’s replacement, with the likes of Antonio Conte and Luciano Spalletti also linked with the role.
Meanwhile, Capello praised the Rossoneri’s move to bring Kaka back to the club this summer and is confident that the Brazilian can have a significant impact.
However, the Italian tactician says it is vital that he gets an extended run in the team as he has had “three years of inconsistency” at Real Madrid.