Socceroos coach Guus Hiddink is being targeted to take over Russia's national team following the World Cup finals, local media has reported.

Several Russian newspapers have identified Hiddink, who will guide Australia to its first World Cup in 32 years this June, and fellow Dutchman Dick Advocaat as the prime contenders for the job after the country's soccer chief Vitaly Mutko made it clear he wanted a foreign manager.

"I had talks with three top foreign coaches and two of them have agreed to coach Russia," Mutko said, adding that he would make up his mind by the end of the month.

"The problem is that most top coaches have contracts at least until the World Cup, so we may have to wait a bit to make an official announcement."

Mutko said the future Russia coach would be paid between $US2 million ($A2.67 million) and $US5 million ($A6.67 million) a year.

Russian daily Sovietsky Sport made Hiddink a firm favourite with a 70 per cent chance of becoming Russia's next national team manager, giving the remaining 30 per cent to Advocaat.

When asked by Reuters on Saturday if the two Dutchmen were the only candidates, Mutko just smiled, saying: "No comment."

Both Hiddink, who led the Netherlands (1998) and South Korea (2002) to the World Cup semi-finals, and Advocaat, who guided the Dutch to the semis at Euro 2004, are presently under contracts.

Hiddink, 59, is coaching Dutch champions PSV Eindhoven and orchestrated Australia's historic World Cup playoff victory over Uruguay in November.

Advocaat will coach South Korea in the World Cup finals in Germany.

The Russians have been without a coach since November when Yuri Syomin quit after the team failed to qualify for the World Cup.

Russia finished third in European Group Three behind Portugal and Slovakia following a 0-0 draw against the Slovaks in Bratislava in their final qualifier in October.

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