Olazabal has been beset by ankle, knee and back injuries in recent years
Jose Maria Olazabal has put himself forward to captain Europe in the 2010 Ryder Cup against the United States.
The 42-year-old Spaniard, who had been hoping to qualify as a player, faces competition for the post from Scotland's Colin Montgomerie.
"He is available, if he is offered the job he will say 'yes'," Olazabal's manager Sergio Gomez said.
Europe are set to name the new captain in Dubai on 28 January after delaying the decision for more than two weeks.
Gomez added that the two-time Masters champion believes there are only two names in the frame.
"We know it is a matter of two and there are factors favouring Jose Maria and factors favouring Monty [Colin Montgomerie]."
Other contenders for the captaincy at Celtic Manor in Newport, south Wales are Sandy Lyle and 2006 captain Ian Woosnam.
Olazabal, who has played on three winning Ryder Cup teams and served as Nick Faldo's vice-captain in Valhalla, has been plagued by injuries in recent years.
He had to pull out of this week's Qatar Open because of rheumatism but Gomez said he will be at the Dubai Desert Classic, which starts next Thursday.
"He had a small problem with his wrists and forearms but it was not too severe and he told me, yesterday, to confirm the flights [to Dubai].
"The chances of him making the [Ryder Cup] team are not what he wanted or expected."