The Football Association is looking for a new man to lead the Three Lions, after Capello tendered his resignation on Wednesday following an unproductive meeting over the FA's decision to strip John Terry of the England captaincy.
While Rooney expressed his disappointment at Capello's exit, the forward believes he should be replaced by an English manager and that Harry Redknapp is the ideal candidate.
"Gutted Capello has quit," Rooney said on Twitter. "Good guy and top coach. Got to be English to replace him. Harry Redknapp for me."
Redknapp is considered the odds-on favourite to take the vacant role, especially after he was found not guilty of tax evasion charges at Southwark Crown Court earlier on Wednesday.
However, Spurs chairman Daniel Levy refused to comment when asked about the possibility of Redknapp taking on the England job alongside his club duties until the European Championships in the summer.
Other candidates have already emerged, with Guus Hiddink having reportedly expressed an interest in the position - perhaps in a similar 'caretaker' role to the one he took at Chelsea in 2009, where he took the club to FA Cup glory during a temporary spell in charge. Rafael Benitez is also said to be keen on the job.
In the meantime, the FA is still to finalise the exact terms of Capello's departure. Capello and FA chairman David Bernstein sealed the England manager's resignation with a handshake, but ESPNsoccernet has learned that it is yet to be formally concluded.
For that reason all parties have agreed to stick with the carefully worded statements as Capello's English lawyer goes through the details of his departure, with Capello advised not to make any comment which might aggravate or alter the dynamics of the departure until Thursday's 1200 GMT press conference.
On Wednesday evening the former AC Milan and Real Madrid manager strenuously denied comments attributed to him saying he had been "insulted" by the FA. Nevertheless, the handling of the John Terry situation has forced both parties into a stand-off that the lawyers must resolve.
"Fabio and the chairman shook hands but no one has signed any paperwork, and Fabio's English lawyer is now looking at it all very closely, so it is wise for neither party to veer away from the FA's statement as it stands at the moment," a source close to matters told ESPNsoccernet. "That might change once the agreement moves from a handshake to signed paperwork."