Howe has emerged as the top candidate for the Three Lions job following Gareth Southgate's departure earlier this summer.
But talkSPORT says Howe will not take over England - as he is considered too expensive by the FA.
It is expected to cost around £5m to buy Howe out of his contract at Newcastle.
In addition, Howe is also expected to demand a higher salary than what Southgate had - and thus as an option a move is now out of the question.