Cricket South Africa's board meets in Johannesburg Tuesday to make what is seen as a crucial decision after a decade of Smith at the helm.
Smith captained South Africa in a world-record 109 Tests before announcing his retirement during the third and final Test against Australia last March.
The national selectors will table their recommendation for the captaincy, but the final decision will be made by the board.
The first assignment of the new captain will be to lead South Africa in two Tests in Sri Lanka during July.
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He struggled initially, but appeared to grow into the job last season. He has expressed his willingness to lead the Test side.
Amla, 31, captained the South African team at the Under-19 World Cup in New Zealand in 2002 and was appointed captain of the Dolphins franchise early in his first-class career.
He resigned as captain after one season to concentrate on his batting.
Amla was appointed De Villiers' vice-captain of the South African ODI team in 2011 and led the side in three matches, but gave up the job last year.
Both players have outstanding records as batsmen and would bring different styles to the leadership.