The Italian on Monday repeated his desire to stay in the job despite England's worst-ever defeat at the finals when they were knocked out 4-1 by Germany in the last 16 on Sunday.
Asked if he wanted to stay on as England manager, the 64-year-old Capello told reporters: "Absolutely. We're going to wait two more weeks to reflect on everything."
Having spoken to Club England chairman Dave Richards on Monday morning, Capello was told he would have to be patient for a decision and said this was "an intelligent solution."
Capello added that he had turned down offers with top European clubs to stay with England.
Less than a month ago, the FA confirmed he would remain as coach until after Euro 2012 in Poland and Ukraine and were delighted he had committed his future to them after transforming the side following their failure to qualify for Euro 2008.
England won nine of their 10 World Cup qualifiers to top the group and played very well in most of them. He has now been in charge of 28 matches, 19 of which have been won and five lost.
However, their performances versus the United States, Algeria and Slovenia in the group matches in South Africa were poor and Sunday's display against Germany was an embarrassment for a team supposedly among the favourites to win the tournament.
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