Ranieri set for Inter - FA expects Capello to honour contract amid speculation

Ranieri: The former Chelsea boss is expected to sign an initial one-year deal at Inter

Claudio Ranieri appears set to be appointed as the new manager of Inter Milan and is understood to be negotiating the final details of his contract.

The former Chelsea, Valencia, Juventus and Roma boss has emerged as the leading candidate after Gian Piero Gasperini was sacked just three matches into the new Serie A season.

England boss Fabio Capello was also linked with Inter, but the Football Association is understood to be confident he is intent on remaining in his job until after Euro 2012.

Ranieri, who left Roma in February, and his agent were said to be meeting with Inter officials on Wednesday evening and were holding discussions over the length of the Italian's contract.

Media in Milan have speculated the 59-year-old is on the brink of signing a one-year deal with the option for an additional 12 months.

Inter president Massimo Moratti decided it was time for a change after Gasperini's side lost 3-1 at newly-promoted Novara on Tuesday night - their fourth defeat in five games.

The Italian giants are as a result in the process of appointing their fourth coach since Jose Mourinho walked away from the club on the back of an historic Treble in 2010.

Rafa Benitez, Leonardo and now Gasperini have all come and gone, with all three failing to replicate the success enjoyed by Mourinho.