Camacho quits Real

Stories in Spain suggested Eriksson was among the leading candidates to take over from Jose Antonio Camacho, who surprisingly quit on Monday.

But Eriksson told BBC Sport: "I haven't spoken to anyone from that club. It is not an issue to decide."

Eriksson has been linked with several jobs in recent years but said: "I have a contract and that's it."

Real midfielder David Beckham also played down reports that the Spanish club are lining up Eriksson as their next coach.

Beckham said: "Sven is a great boss and in the last couple of years he's been linked with many jobs.

"But he is England manager and, as far as I know, he will carry on."

Eriksson's agent, Athole Still, also denied the claims.

He told the London Evening Standard: "It's the old, old story. No one has contacted me from Real Madrid or purporting to be from Real Madrid."

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Still, though, added that there would be "nothing illogical" about such a move.

Eriksson has been linked with moves back into club management with Manchester United and Chelsea in the recent past.

The most prolific claims surrounded a move to Stamford Bridge earlier this year.

On that occasion, the Football Association reacted quickly to offer their coach a new contract - and a hefty pay rise.

However, many believe that Eriksson's off-the-field problems, coupled with England's disappointment at Euro 2004, mean the FA would not now stand in the way of an Eriksson departure.

Had the England coach been sacked over the scandal surrounding his relationship with secretary Faria Alam in the summer, the FA would have been forced to pay huge compensation to the Swede.

That was perceived as the stumbling block that saved Eriksson's job.

Conversely, an approach by Real Madrid for his services would allow the FA to claim significant compensation.

But Beckham insisted the claims were purely hypothetical following Camacho's departure after only three games in charge.

"That will always happen, clearly there will be speculation," he added.

We will deal with any approach as and when it comes Football Association spokesman

Beckham would surely welcome working under his international coach at club level in Spain - as would fellow England internationals Michael Owen and Jonathan Woodgate, who were signed by Camacho this summer.

But Eriksson's recently-inflated wages would prove a barrier for any approach from Madrid.

Camacho was reported to be earning no more than �750,000 per year, whereas Eriksson's pay rise earlier this year took his FA salary to in excess of �4m per year.

For now, former Real goalkeeper Mariano Garcia Remon has been appointed interim manager, with Madrid president Florentino Perez insisting he will be given a lengthy period to prove his capabilities.

Should Remon prove an instant success, the former Sporting Gijon and and Numancia coach could save Madrid a fortune.

An approach for Eriksson would potentially have the same affect for the FA but a spokesman insisted no such move had yet been made.

"Every time there is a big job available, we are used to the England coach being coveted," the FA board member told The Guardian.

He added: "We will deal with any approach as and when it comes."