Shearer does not believes he has the necessary experience to succeed Capello, but is keen on a return to management.
He said in The Sun: “There are far more experienced candidates than me.
“When you see what guys like Harry Redknapp and Roy Hodgson have done and the experience they have, to put me in the bracket with those guys is not right.”
Shearer added: “I would love to do it one day, but now would be tough.
“I think if you were to ask an experienced Englishman like the guys that I’ve mentioned I’m sure they would snap your hands off.
“Harry would be great because of his man-management. That’s hugely important at football clubs but more so with England because you’re only getting players for a week, or five weeks at a tournament.”