The former England boss met with the club’s Thai owner Thaksin Shinawatra on Monday and will be in charge of training on Wednesday.
Eriksson’s position was further undermined by a demoralizing 3-2 loss to relegation strugglers Fulham at the weekend, squandering a 2-0 lead, but the Swede’s agent Athole Still insisted: “There is no way he will quit after the successful job he has done.”
Eriksson has also received firm backing from Michael Ball, City’s captain on Saturday in the absence of Richard Dunne, who said the squad were to a man supportive of the former England manager.
“Every player is 100 percent behind him (Eriksson). We like his methods, the way he trains, the way he goes about his tactics,” Ball said.
“If the club wants to go forward we have got to keep the coaching staff and obviously add a few more players.”
Eriksson in return blasted his players for the Fulham defeat.
He told the club’s official website: “We had a lot of defenders injured, so the backline was completely new but we didn’t lose to Fulham just because of that. We lost because our attitude in the last 20 minutes to defending throughout went away.
“At the end of the game we had four, five players up the field like strikers and not even walking back, that’s not acceptable. Adding to that, we had a new back four so we will have to learn the lesson.
“You have to take blows to the head, like we did on Saturday, to learn so it does not happen again. We have to learn to get behind the ball when we lose it.”
City released a statement saying: “Sven-Göran Eriksson is attending a Football Foundation event in London tonight on behalf of the club and he will be at Carrington tomorrow morning to take training as normal.
“Sven-Göran Eriksson has confirmed that he has no plans to leave the club.”