Paul Ouedraogo, the archbishop of the southern Bobo-Dioulasso diocese, was on the shortlist of army, opposition and civil society groups in the west African nation.
But Ouedraogo himself told French radio last week: "I don't anticipate it. The cleric doesn't engage in this kind of power."
Opposition and civil society groups are hoping that the Vatican will allow Ouedraogo to lead the west African country during a one-year transition period leading up to elections in November 2015.
An army official told AFP the nomination should occur "Monday at the latest", while opposition leader Zephirin Diabre, a member of the electoral college, expected the interim leader to be known by tonight.
The African Union on November 3 issued an ultimatum to Burkina Faso to establish interim institutions and pick an interim president by Monday or face sanctions following Compaore's October 31 ouster and the army takeover.
The army also backs former diplomat Michel Kafando and Josephine Ouedraogo, a sociologist who served as family development minister in the 1980s.
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