Sven Goran Eriksson has told Sky Sports News he would take the Chelsea manager's job if he was offered the role.
The Stamford Bridge club on Sunday parted company with Andre Villas-Boas after just more than eight months and his former assistant, Roberto Di Matteo, has been placed in charge on an interim basis.
Former Chelsea manager Jose Mourinho and ex-Liverpool boss Rafa Benitez are among the favourites to take the job on a permanent basis in the summer, but Eriksson, who has been out of work since leaving Leicester last October, is also interested.
The former England manager was famously linked to Chelsea owner Roman Abramovich during his time in charge of the Three Lions and he continues to admire the Premier League giants.
Eriksson insists there has yet to be a new approach, but asked by Sky Sports News if he would be interested in Chelsea, the Swede said: "I would take it, of course.
"They already have a manager for the rest of the season (Di Matteo) and I guess that is a natural solution, because he has been in the club now for the whole season."
Villas-Boas was sacked after just one victory in seven matches in all competitions and a failure to win the respect of the dressing room after reports of bust-ups with Frank Lampard, Ashley Cole and Fernando Torres.
Chelsea's next permanent manager will therefore be their eighth manager in nine years and it has been suggested the Stamford Bridge hot-seat is an impossible job.
However, Eriksson said: "Nothing is impossible. But this time I think it is understandable that something (Villas-Boas' sacking) happened.
"I don't defend it. But I can understand it, because with Chelsea if they don't play in Europe next season, that would be a disaster for them."
Who should be the next Chelsea manager?
Roberto Di Matteo