The FAW are stepping up their recruitment drive following the death of manager Gary Speed in November and Coleman has emerged as one of the leading contenders for the post.
Other names linked with the role are John Hartson, Ryan Giggs and Speed's assistant Raymond Verheijen. But former Wales centre-half Coleman, whose last managerial role was in charge of Greek side Larissa, revealed he will talk to the governing body in the coming days.
"I'll meet with the FAW this week to discuss the situation," he said on Sky Sports 1.
"It is a very sensitive situation so if I am offered the job and I accept it I'll have mixed emotions."
Coleman added later: "Circumstances are very difficult, it's sensitive. If it is to be - if the job is mine - then it will be the pinnacle for me. Managing your country is the pinnacle for any manager.
"We're not there yet but talks will take place.
"It means a lot to me, absolutely. In another situation, I'd probably be on cloud nine but because of the situation, because it was Gary, who was a close friend, of course I almost feel a little bit guilty that I'm even going to talk about taking the job, because Gary is no longer with us.
"But we'll see what happens this week. Hopefully, fingers crossed if talks go well and I do get the job then I'll be the happiest man."
He continued on Sky Sports: "It's a stupid man who goes in there and takes the job, whether it's me or anyone else, and changes everything. Why change everything? It's not broken, so don't fix it."