The Swede will spend funds wisely according to Stefan Lundin, chairman of the Association of Swedish Football Coaches
Lundin remains impressed at the former England manager's record at club level.
He said: "I do think his record in the transfer market is a good one.
"People should remember the success he has had with various teams across Europe."
It is understood Eriksson has started to identify his transfer targets - there will be a £50million war-chest - even though he is yet to sign a three-year contract.
The deal is expected to be confirmed when prospective new owner Thaksin Shinawatra has secured 75% of the club shares.
Thaksin already has legally binding pledges of 56% and the offer document has been sent out.
The first deadline for shareholders to decide is on July 17 at 1pm. However they have a maximum of 60 days to make up their minds.
But shareholders may feel obliged to give an early decision so that Thaksin and the new manager can get down to business.
Whether that will be before the players return to training, though, on July 4 remains to be seen.
Eriksson has not coached a club side for seven years after leaving Italy and Lazio to join England.
He first came into the spotlight with Gothenburg then had spells with Benfica, Roma, Fiorentina, Benfica again, Sampdoria and then Lazio.
The new manager's first priority will be to strengthen City's attacking options.
Last season they only managed to score 10 goals in 19 home Premiership matches - a record low for the top flight.
Blackburn's Benni McCarthy and Bolton's Nicolas Anelka are being linked with a move to Eastlands.
Lundin believes the 59-year-old Swede has missed the constant involvement with players.
He said: "I do think it has been hard for him not being on the training field.
"I suspect he missed the day to day working with players even when he was national coach.
"Now he has a chance to work in the Premier League and I do not think you can ask for more if you are a coach."
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