Reports have suggested that Capello could decide to ditch England for either City or the Italian side.
Capello’s son and manager Pierfilippo told The Sun: “I honestly don’t believe he would sign an agreement with anyone without asking me about it.
“I will be really honest and open with you. I know nothing about my father joining a club in Italy, in England or anywhere else and I speak with Fabio every day.
“And I do not believe he has agreed any secret deal with any club.
“He is not the kind of man who would make a secret agreement like that. If anything was happening, I would know.
“But I have not had a single call or any contact whatsoever from anyone.
“And if someone had contacted my father then he would call me.
“If he was interested he would ask me to make contact with the FA and find out if he could leave right away, at the end of the season, in the next six months or in a year.
“That’s the first thing he would do – and he has not done that.
“He would call me and say ‘I have been called by say the New York Red Bulls and they are offering me £50million a year, how can I make this happen?
“Can you call the FA and see if I can terminate my contract, see if they will agree to that?’ But that’s just fantasy.
“The truth is he has a contract with the FA until 2012.
“That contract actually says ‘Until the last match of the 2012 European Championships’.
“And that’s a long time away, a long, long time.
“I don’t know what my father will do then. If the FA don’t want to keep him – or if he doesn’t want to continue with England.
“Maybe he will want to go back to club football or maybe work behind a desk somewhere.
“That’s a question I can’t answer, that’s a question for the future, that’s a question for 2012.
“We know there is a lot of speculation and maybe if the speculation becomes so big then maybe the Football Association will then make a statement about my father and his future.
“But I am telling you the smart money is on my father going nowhere.”