Italy boss Marcello Lippi said last week he wanted the holders to meet England in the final so he could see his counterpart's reaction when the Italian anthem is played.
Capello is up for the challenge.
"I would sign up straight away for an Italy-England final, like Lippi says," the former AC Milan and Real Madrid coach said during a lecture in sports management at Parma University.
Capello, who refused to discuss the axing of John Terry as England captain after allegations about the player's private life, is enjoying the support of English fans even though he is Italian.
"The main difference between coaching a national squad and a club is that when you coach a national squad you have a nation behind you. And you feel it. You really feel it," he said before lamenting the recent fan violence again scarring Italian football.
"Football's really great when you have people, families, who can go to the stadium with their children (in England). I must say that's beautiful. It's a pity that in Italy, as we saw last Sunday, things are not going as they should in this respect."
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