Howe has been favourite for the Three Lions job after Gareth Southgate's departure over the 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.