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The Oscar-winning actor would jump at the chance to portray the suave British spy.
He said: "Of course I'd take the role. I'd put a little swing in it. A little hip-hop, you know."
Foxx insists he would have no problem perfecting his British accent, and he wouldn't be afraid to suggest some changes for the role.
He said: "Maybe I wouldn't be drinking martinis, but drinking some Hennessey maybe. My Bond would drink dark liquor."
Foxx claims fans are keen to see him fulfil his dream, adding: "I was in London and I had to give an award to the current James Bond Daniel Craig. I went up and said, 'Bond. Black Bond.' And everybody just lost it. Black Bond would be cool."
The idea of having a black Bond was originally suggested by Craig.
He insisted it would be an exciting prospect following Barack Obama's success in the US Presidential election race earlier this month.
A recent survey revealed people would most like to see Will Smith, Djimon Hounsou or Terrence Howard become the first black James Bond.