The 37-year-old lifted the famous trophy with the Azzurri in 2006 and could come out of retirement to feature in Brazil.
Roma veteran Francesco Totti says he would be "proud" to receive the call to represent Italy at the World Cup this summer.
The 37-year-old is enjoying yet another fine campaign for the Giallorossi, who sit second in Serie A, leading to talk of a return to the international fold.
Italy coach Cesare Prandelli has spoken about the possibility of handing Totti a call-up for the tournament in Brazil, despite him retiring from international duty in 2007 after lifting the World Cup a year earlier.
"If Prandelli were to call me then I would be proud," Totti told Sky Sports Italia. "I'd be happy, because the World Cup at Brazil would not come around again for me. But, I've always said that I will have to see how I am physically, if I would be all right or not. That's the main thing."
Totti believes that Italy can repeat its Euro 2012 efforts, where it reached the final before losing to Spain, and has backed teammates Mattia Destro and Alessandro Florenzi for selection.
"I hope that the national team can get to the final," he added. "They have the ability to do well, then Italy have increasingly come close to the semifinals, so we hope it bodes well.
"To the World Cup I would call Destro and Florenzi — they are two players that are good for the group, that make the difference when playing. So, I think that they are players that absolutely should be called up. But, it is not for me to decide."