The proposed research performs the capacity analysis of the wireless channel described by the fluctuating double-Rayleigh with the line-of-sight model. The closed-form analytical expressions for the conditional capacity (in the case of arbitrary noninteger fading parameter) and the ergodic capacity (in the case of the integer fading parameter) are derived in terms of the extended generalized bivariate Meijer G-function. The exact solutions are succeeded by the approximating expressions deduced for the cases of small and large ratios between the Rician K-factor and the fading parameter. The performed numeric simulation verifies the correctness of the derived results and analyzes the proposed capacity approximation quality performance.