England's Football Association told Fabio Capello on Monday that it will take two weeks to decide whether to retain the Italian as coach of the national team.
Capello said he met with FA board member Dave Richards and told him he "absolutely" wants to stay on despite England's elimination from the World Cup by Germany.
"He told me that he needs two weeks time to decide," Capello said. "I said I can be for the next season the manager of England."
Capello led England to nine wins from 10 qualifying matches but his team exited the second round Sunday following a 4-1 loss -- England's heaviest ever at a World Cup.
The former Real Madrid and AC Milan coach said he supported Richards' response.
"I think it's an intelligent answer," Capello said.
Capello is contracted to the FA until after the 2012 European Championship.
"I refuse a lot of opportunities to be a manager of important clubs because I like to stay here," Capello said, adding that he and Richards had discussed the need to turn to younger players and rebuild the side.
That could mean the likes of John Terry, Steven Gerrard and Frank Lampard could be facing the end of their international careers if Capello stays on.