The 31-year-old was relieved of the Three Lions armband on Friday by the FA, with the Reds' skipper, Scott Parker and Joe Hart all in the running to take the mantle
Steven Gerrard - 8/11 with Sportingbet
As the captain of Liverpool, Steven Gerrard is the logical choice at 8/11 (1.73) to step up and put on the armband in England's first game against the French.
Gerrard took over from Sami Hyypia as captain of the Reds in 2003 at just 23 and has been an inspirational figure ever since, including leading the team to one of the most incredible Champions League comebacks of all time against AC Milan in 2005. The 31-year-old has filled in for John Terry as England captain in the past but with question marks over his fitness this season the responsibility could fall to another candidate.
Scott Parker - 8/1 with William Hill
Despite relegation from the Premier League with West Ham last season, Parker has made the switch across London to Tottenham to stake his claim for an England spot at Euro 2012. The 31-year-old may not have as many England caps to his name as other candidates but as a key part of the Spurs midfield this season he may be more likely to be in the starting line-up than other names on the shortlit. Add to that his 2010/11 Football Writers’ Player of the Year award and at 8/1 (9.00) he has a decent claim to the captaincy.
Frank Lampard - 10/1 with Sportingbet
Although Lampard has not presided over his club's captaincy with such regularity as Gerrard in the past this is mostly due to the man who has just been stripped of the England armband.
John Terry has led Chelsea for several seasons but Lampard has often been required to step up, especially during the 2006-07 season when Terry suffered a long term back injury and Sportingbet make him 10/1 (11.0) to do so again. Lampard has also captained the national side on occasion, against Denmark in 2009 being one of those, due to injuries within the Three Lions squad.
Joe Hart at 16/1 with William Hill
Having established himself as England's number one, Joe Hart, although an outsider at 16/1 (17.0), could have a good chance of being handed the England captaincy against France on 11th June. Barring an injury the Manchester City 'keeper he should be the first name on the team sheet in Donetsk which is something not many players could claim, given the transitional nature of the national team at present.
Despite being behind the influential Vincent Kompany for the Manchester City captiancy Hart is a vocal presence and could be just what Capello is looking for the start the teams campaign in the summer. At 16/1 he looks like the value pick in this market.
Rio Ferdinand - 12/1 with Sportingbet
The plot continues to thicken when Rio Ferdinand amongst the list of potential candidates, despite ruling himself out of the running via Twitter on Friday. The case hanging over Terry centres around Ferdinand's younger brother Anton and given his recent outbursts about the case on social network, and even at 12/1 (13.0), he doesn't appear to a viable candidate to step up and lead the side. That argument may be moot by June though as the Manchester United defender is facing an uphill task to even make the final 23 man squad, let alone take his place in the line-up of England's first encounter. The 12/1 on Ferdinand is likely to drift further after the revelation he wishes to be ruled out of contention for the armband, but can Fabio Capello convince him otherwise?