Sven-Goran Eriksson will wait until after the World Cup before deciding if he wants to be considered for the Real Madrid coach's role, says his agent.
Eriksson will stand down as England boss after the World Cup
Arturo Baldasano claimed if he wins the Real presidential election on 2 July he will bring in the England coach.
"We've had approaches from people associated with candidates in the Real elections," Eriksson's agent Athole Still told the Daily Mirror.
"Sven would be honoured to coach Real. But right now his focus is on England."
Baldasano claims the Swede had given his word to take the reins at the Bernabeu.
"My team have spoken with Eriksson and he has given a commitment that if I win the election he will come and coach the team," Baldasano told Radio Marca.
"He's an important coach with the right kind of characteristics to do well."
It is absurd not to opt for Vicente del Bosque as manager
Election candidate Lorenzo Sanz
Baldasano also said he wanted to bring more Spanish players into the side and that he was targeting Real Betis winger Joaquin and Arsenal forward Jose Antonio Reyes.
Lawyer and economist Baldasano lost heavily to former president Florentino Perez in the 2004 election.
Former president Lorenzo Sanz says he will bring back Vicente del Bosque as Real Madrid coach if he wins the election.
"You just need to look at the success we had when he was here so it is absurd not to opt for him," he said.
"We have spoken and he is in agreement that if I win he will return to be coach."
Del Bosque was coach for three and a half years before being sacked by president Florentino Perez in 2003, having steered Real to two European Cups and two league titles.
The current election was called after Fernando Martin was ousted in April.