Russian club Anzhi Makhachkala are keen to acquire the services of Fabio Capello and Wesley Sneijder, according to Tuttosport.
Anzhi only appointed Yuri Krasnozhan to the club's helm in December but owner Suleyman Kerimov is believed to eager to secure Capello.
The Italian is currently out of work following his decision to quit his role with the English national team last week.
Kerimov is also said to be willing to part with around £20m to sign Inter Milan playmaker Sneijder.
The Dutch international, who has continually been linked with Manchester United, has struggled for fitness and form this season.