Club England chairman Sir David Richards has confirmed Capello will keep his job despite the disappointing World Cup campaign.
Ferdinand, who played no part in South Africa because of injury, backs that decision and is fully behind Capello.
Ferdinand told the Sun: "I believe 100% that Fabio Capello will turn England around. He will make what was a negative into a positive. I'm sure he's learned a lot from this tournament and I know how determined he is to get us back on track.
"He's the right man for the job and now he should be left to get on with it. Then it's up to the players to do their jobs.''