Motta has Bologna on track to qualify for next season's Champions League.
Prandelli told La Gazzetta dello Sport: "It would be historic and I'd be happy for Thiago.
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"At the beginning of the season, I said that he was the most interesting emerging coach," said his former Italy coach.
Bologna are the only team in Serie A playing with a fluid system. Thiago keeps the players' creativity and you can see they are happy on the pitch."