Ex-England manager Sven-Goran Eriksson has agreed a three-year deal at Manchester City according to reports from Sky Sports.

Sven has agreed a lucrative three-year contract at Eastlands, as prospective Thai owner Thaksin Shinawatra’s advisors are confident the 59 year old Swede is the right man to bring Man City to greater heights.

The Swede trainer is also set to be handed a £50million transfer kitty which has led to speculation that a bid for Michael Owen is on the cards once Sven formally takes over the reigns at City.