Taylor worked with Eriksson as part of the England setup and told the Daily Star Sunday: "If you are a good manager you learn from your mistakes - and Sven is a good manager.
"He may get a lot of stick but he really is a different class. He'll work closely with Ian McParland and he and Tord know millions of people and players so it won't surprise me if they get automatic promotion.
"The money of the club's backers will make a big difference.
"The chances are I might have to move clubs again to link up with Sven in the Premier League.
"But in the meantime, the dream lives on - for me and Sven."