The 53-year-old is currently in charge of Russian giants Zenit St Petersburg but is known as a man who does not like to stick around when he feels he has outgrown his welcome and following rumours linking him with Australia, appears to have itchy feet.
Mancini won 36 caps for the Azzurri and was part of his country’s squads at both Italia 90 and Euro 92.
Italian football is currently in transition having missed out on this summer’s World Cup but Mancini believes they have plenty of talent coming through and says he would jump at the chance to fill the managerial vacancy.
“I have a dream, which is to win as a coach something I never won as a player: the World Cup,” the 53-year-old told Gazzetta dello Sport.
“I have worked at big clubs and won. It’s beautiful to coach the national team. It would be an honour, a source of pride – and winning the European championship or World Cup even more so.
“There are good young people there, I like [Andrea] Belotti, [Lorenzo] Pellegrini, and [Alessio] Romagnoli, who can still grow a lot. And more are coming through every season.”
A goal apiece from James Tomkins and Luka Milivojevic handed Crystal Palace a crucial 2-0 win over Huddersfield at the John Smith's Stadium on Saturday evening.
Manchester United bounced back from their Champions League exit as they beat Brighton 2-0 at Old Trafford on Saturday night to reach the FA Cup semi-finals.
Tottenham reached the FA Cup semi-finals after they cruised to a 3-0 victory over Swansea in their quarter-final clash at the Liberty Stadium on Saturday.
Premier League basement club West Brom squandered the lead as they suffered a 2-1 defeat to Bournemouth at the Vitality Stadium on Saturday.
Chesterfield boss Jack Lester felt his side were unlucky not to claim all three points after their 1-1 draw at Cheltenham.
New Swindon manager Phil Brown revelled in his side's victory at Cambridge in his first game in charge.