Eriksson`s latest Chinese contract will be worth 2 million pounds annually.
The Guangzhou R and F contract will see Eriksson competing with former Italian football manager Marcello Lippi in the southern city`s Derby matches as the World cup winner is the manager of reigning league champions Guangzhou Evergrande, the report added.
Eriksson had guided England to two World Cups and a European Championship, but could not progress after the quarter-finals in any of the three tournaments.
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