Bankrolled by Thai owner Aiyawatt Raksriaksorn, he has put together a £10 million package for Reading captain Matt Mills to see off Wolves and Stoke and is chasing England strikers David Nugent - a free agent after leaving Portsmouth - and Fulham's Andy Johnson.
Peterborough's £3m Scotland striker Craig Mackail-Smith and £1.3m Ireland defender Sean St Ledger are also close to signing deals.
Speaking about the club owners, Eriksson said: 'There is no limit at all - they want Premier League football.'
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