Notts County football chief Sven Goran Eriksson would have to take a massive pay-cut if he is to accept the Sweden job.

Eriksson will have to take a huge cut on his £10million contract if he quits Notts County to become the new coach of Sweden.

The League Two club have confirmed that they will not stand in Eriksson's way if he decides to leave three months after being appointed director of football on a five-year deal.

The Swedish FA have been in contact with the former England and Mexico boss over succeeding Lars Lagerback, but will only pay him £300,000 a year.

Jonas Nystedt, head of communications at the Swedish FA, said: "Last Thursday, after the Albania game, the board had a meeting and discussed what route should be taken.

"Things that were discussed were, obviously, who it should possibly be, their education and career, reputation and location and things like that. There is a special list of five to 10 names and Sven-Goran Eriksson is on that list.

"What the Swedish FA did over the weekend was to contact a lot of these people, not just Sven-Goran Eriksson but a lot of people.

"We asked them what their situation was - like what it says in their contract with their club - and whether they were interested in the job. Sven Goran Eriksson has been contacted but he is only one person on the list.

"Obviously the rules stipulate that we would have to discuss with Notts County the situation regarding Sven Goran Eriksson in more depth."