Regular guest contributor Pete South looks at today’s breaking news: Fabio Capello’s decision to rule himself out of the Inter Milan job.

Fabio Capello has rejected the offer to return to club management with Inter Milan after officials from the club approached the 65-year-old, according to the manager’s son.

Capello reiterated his intention to quit his post as England boss after Euro 2012 and has been linked with a return to Italy previously, but the Inter approach marks the first time anything concrete has been put on the table before the former AC Milan manager.

Speculation had increased that he was in talks with Inter, and it was his son Pierfilippo Capello that revealed there had been contact between the two parties.

When asked by the Sun if Capello had been approached by Inter he responded: “Yes. But Fabio will remain with the FA.”

Capello is said to be keen to repay the faith the FA showed in him after England’s poor World Cup performances last year by seeing out the remainder of his contract.

Inter are in the market for their third manager in little over 12 months since the departure of Jose Mourinho after former Liverpool boss Rafa Benitez was sacked after six months and Leonardo’s departure for a role with French side Paris Saint-Germain.

However the club’s sporting director denied Capello’s son’s claims and said there had been no talks between Inter and the FA or Capello.

I can confirm that Inter has not contacted Fabio Capello or the English FA,” said Inter Milan sporting director Marco Branca.”We are not interested in Capello. There are still no developments on the coaching front.”

While Capello will stay put until next summer’s European Championships, his right hand man Franco Baldini looks set to leave the England set up and take up the offer to work with Roma after media reports suggested the FA had allowed him to talk to the Italian club.

The general manager will take up a similar position at the end of England’s qualifying campaign – but could return for the finals should England qualify.

Adrian Bevington, the managing director of Club England remained tight-lipped on the subject, but said the issue will be dealt with after England’s final qualifier against Montenegro in October.

“We are confident from our conversations with Franco that he will remain solely focused on England’s qualification campaign,” said Adrian Bevington, the managing director of Club England. “Once we’ve qualified we can look at it again.”

The former midfielder is said to be keen to get back into the day-to-day routine of new football kits and weekend matches that club management brings, but would like to show his loyalty to Capello.

The loss of Baldini would be a huge blow for England ahead of a major tournament, with the 50-year-old acting as a key link between the squad and the manager.