[Mighty T.A.L.]

Sven Gøran Eriksson

Sven Goran Eriksson has agreed to take charge of Manchester City, according to Sky Sports News.

The Swede has been out of work since quitting as England coach last year, after the World Cup finals.

He has been linked with numerous posts all over the world, but he now seems set to return to club management by taking his first job in the Premier League.

Eriksson has been in talks with prospective new City owner Thaksin Shinawatra and a three-year deal is understood to have been agreed.

However, Eriksson's acceptance is almost certain to depend on whether Shinawatra's takeover of City is successful or not.

City's current board issued a statement regarding the Eriksson speculation, but they refused to confirm any new manager.

"The board notes the media speculation concerning the managerial position at the club," read a statement on their official website.

"Earlier today [Tuesday], UK Sports Investments Limited announced that the offer document in respect of its offer for the club was posted to shareholders.

"Discussions are ongoing with managerial candidates and once the offer becomes or is declared unconditional in all respects, the club expects to announce the appointment of a new manager."