Grant and Steve Clarke have been put in charge following the shock departure of Jose Mourinho, marking the end of a whirlwind 24 hours which has significantly changed the face of English football.
Now installed as Manchester City manager by ambitious new Blues owner Thaksin Shinawatra, Eriksson has looked on from afar at the amazing developments at Chelsea.
The Swede has admitted he was as surprised as anyone by Mourinho's exit and claimed not to know why the charismatic coach was ousted after winning five trophies in his three seasons with the London outfit.
However in Grant, a long-standing acquaintance, Eriksson believes Chelsea have put a very capable man in charge, even though the 52-year-old's experience outside Israel is limited.
"It is a big job but I think Avram is ready for it and I think he will succeed," said Eriksson. "He is a very good man who knows his football. The people at Chelsea are experienced and obviously they trust him. >p>
"If they say he is the man and they think he can do it, I am sure he can.
"I know Avram very well. I have been to dinner with him many times and I will phone him to wish him good luck."