The Italian, currently managing Russia, was approached by the French champions on Wednesday, according to Sky Sport Italia.
However it is now reported that Capello failed to reach agreement with the club. The Parisians are apparently convinced that Arsene Wenger will become their new manager next year, putting them off committing to any other coach long term, although Arsenal are looking to extend the Frenchman’s contract.
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.