Becks was robbed of his place in the squad by a ruptured Achilles tendon.
But Capello reckons he would be ideal helping out behind the scenes.
beckham said: "I've spoken to the manager and Franco Baldini and they have made it well aware that I have a role to play with the players and the team.
"We have not discussed specifics but I'm honoured that a manager of Fabio's status feels I can be important.
"I am hoping to travel with the team but obviously we'll have to see how my therapy goes."
The ex-Manchester United and Real Madrid star will be on the training ground, along with Stuart Pearce and the rest of the England coaches, plus Capello himself.
It will be the LA Galaxy star's first senior coaching role, though he ran a series of academies across the globe. Beckham, 35, will not be going to the squad's pre-World Cup training camp in Austria, as he continues the rehabilitation from his injury.
Instead, he will fly out with the 23-player party to South Africa on June 2.
The England 2018 bid team want to use the former skipper to help promote their campaign to host the World Cup in eight years' time.
Becks, though, will be released by Capello for only one or two events and the coaching job will be his main focus.
He is in Zurich today to hand over officially the 2018 bid book.
WAYNE ROONEY collected the Football Writers Association Footballer of the Year award last night.
And he is tipping England glory in South Africa.
He said: "Hopefully, we can stay injury-free. If we can, and all be at our best, we definitely have the players to do well."
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