The 54-year-old, who lost the England job in 1999 following controversial comments about disabled people, has not managed a side since he left Wolverhampton Wanderers in 2006.
“If I were to die tomorrow, my life would be incomplete,” Hoddle told The Independent. “Would I get that opportunity [to manage England again]? Probably not.
“But I think we have a batch of players capable of going to the Euros and doing well.”
The Football Association is yet to appoint Fabio Capello’s permanent successor after the Italian quit his post last month, with Stuart Pearce having taken temporary charge for the friendly against the Netherlands.
“Stuart Pearce, Harry Redknapp, Roy Hodgson, myself – anyone who went to the tournament with the status of a caretaker would have the pressure off him.
“The players would be liberated, too, not least those who have been on the fringes and are accustomed to thinking that the manager doesn’t fancy them.
“Look at how a caretaker has worked for the England rugby team in the Six Nations – they’ve done fantastically.”
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