Roy Hodgson could insist upon an England 'get-out clause' to be inserted into his new deal with West Bromwich Albion.
The 64-year-old, who has recently been linked with the national job, is expected to sit down with the Baggies' hierarchy to discuss a new contract in the coming weeks.
Hodgson said that he would have no qualms signing a new deal while the England managerial position remains vacant as there is always the possibility of inserting a get-out clause.
"Would I sign a contract here before the England situation is sorted? Why not," he told the Daily Mail. "It wouldn't matter. You could quite easily sign contracts and have clauses put in if someone else wants you, or you can have compensation terms agreed. You don't have to wait and not do something until another situation is settled. There is no reason for me to do that.
"I'm very comfortable with the situation. It's not a problem for me if it takes until the end of season or is sorted out before then. The vacancy with England, as far as I'm concerned, has nothing to do with me basically. I'm obliged to answer questions occasionally like any other Englishman who happens to be working in football, but it has got nothing to do with me as far as I know."
Hodgson took over at West Brom following Roberto Di Matteo's departure in 2011.