We've had no contact with Man City, says Sven's agent

However Athole Still re-affirmed that the role would interest the 59-year-old Swede, who is a "top-class international coach".

Eriksson is believed to be in the running to replace Stuart Pearce, who was dismissed at the end of the season after a disappointing campaign.

It is understood that City suitor Shinawatra has not yet decided on a manager should his takeover come to fruition.

According to reports, the former Thai prime minister's £120million bid for the club is imminent.

PA Sport understands that Shinawatra and his team are still looking at a number of managers and no decision has yet been made despite reports to the contrary.

Still would appear to back up that statement.

He told Sky Sports News: "There has not been any kind of meeting or contact between Sven-Goran Eriksson, myself or anyone purporting to represent us with either Thaksin Shinawatra himself or any of his representatives, or anyone purporting to be.

"It's just nonsense and I haven't the vaguest idea where these stories come from - but I can tell you categorically it is absolutely untrue.

"There has been no contact whatsoever and to say there have been meetings is rubbish.

"I don't believe it's coming from Manchester City, it's certainly not coming from us and I can't see why it would be coming from Shinawatra.

"Someone's seen a whiff of a rumour and given it arms and legs. It's laughable."

Eriksson is keen to return to work and Still added: "He is a top class international coach who has done it for clubs in three different countries - and I'm sure he could do it with Manchester City.

"He'd be interested in a club like them but at the moment nothing is happening - that's the absolute truth."

City supporters appear to be divided about Eriksson becoming manager.

The Supporters' Trust claim the vast majority of fans are against the former England coach taking the reins.

However in a poll in the Manchester Evening News, 72% say they are in favour of Eriksson taking charge.

Shinawatra, though, has been dealt another blow by seeing more assets frozen by the Thai government.

Officials have traced an additional £310million in assets of the ousted former Prime Minister.

The Assets Examination Committee has already frozen 52.88 billion baht (£800million) of Thaksin's money.

"The AEC tracked the money trail and found that more than 20 billion baht was shifted to the accounts of companies instead of to individual accounts. AEC is set to freeze those accounts," said auditor general Jaruvan Maintaka.

The AEC has frozen Thaksin's assets pending his trial on charges of corruption and abuse of power.

Police have ordered Thaksin to return to Thailand to face charges that he concealed his ownership of millions of pounds worth of shares from the Thai stock exchange.