Capello probed over tax evasion.
Investigators are looking at offshore companies set up by the 61-year-old Italian along with his sons Pierfilippo and Edoardo.
They are also investigating money paid to Capello via a trust registered in the Channel Islands.
The Il Giornale newspaper reported that the probe had begun after investigators went through financial dealings linked to the bribe scandal involving Italian club Juventus, which Capello managed between 2004 and 2006.
In 2006, Juventus were demoted to Italy's second division over a match-fixing scandal involving bribing referees.
Investigators are said to be interested in payments to Capello via the Guernsey-registered Capello Family Trust, as well as via Luxembourg firm Sport 3000.
It is believed the probe could be extended to look at his time as manager at Roma and AC Milan.
But yesterday Capello's son Pierfilippo, a 37-year-old lawyer, said: "It's not really an investigation, it's just a check of the facts, of his financial affairs.
"In Italy, this sort of thing happens all the time and the only reason this is news is because my father is the new England boss.
"We have known about this action by the prosecutors for a while.
"It is all part of the ongoing investigation at Juventus and has nothing to do with my father."
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|Publication:||Daily Record (Glasgow, Scotland)|
|Date:||Jan 17, 2008|
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