The Premier League-winning manager said he would be willing to answer Italy's call as a replacement for Gian Piero Ventura
Nantes boss Claudio Ranieri said he would think about coaching Italy after the four-time world champions "hit rock bottom" following their failure to qualify for Russia next year.
Italy are looking for a new coach after sacking Gian Piero Ventura, who was at the helm as the country sensationally missed out on a World Cup berth for the first time since 1958.
Carlo Ancelotti has emerged as the favourite to pick up the pieces following Italy's 1-0 aggregate play-off defeat to Sweden, but countryman and Premier League-winning manager Ranieri would be willing to answer the nation's call.