Eriksson, a charismatic coach who led Swedish, Portuguese and Italian clubs to major trophies in the 1980s and 1990s before taking on the England job in 2001, announced in January that he was terminally ill with pancreatic cancer.
Eriksson's long-time agent Bo Gustavsson said Eriksson had lost his battle with cancer early on Monday (local time), surrounded by his family.
"We knew it was going to end bad, it all went really fast in the last few weeks," Gustavsson said.
Eriksson led England to the quarter-finals of the 2002 and 2006 World Cups, and to the 2004 European Championship, managing a golden generation of players, including David Beckham, Paul Scholes, Frank Lampard, Wayne Rooney and Steven Gerrard.
Football Association patron Prince William said he was "always struck by (Eriksson's) charisma and passion".
In a personal tribute, the Prince of Wales called him a "true gentleman of the game".
In a post on social media platform X signed W, Prince William said: "Sad to hear about the passing of Sven-Goran Eriksson. My thoughts are with his family and friends. A true gentleman of the game. W."
Sad to hear about the passing of Sven-Göran Eriksson. I met him several times as England manager and was always struck by his charisma and passion for the game. My thoughts are with his family and friends. A true gentleman of the game. W— The Prince and Princess of Wales (@KensingtonRoyal) August 26, 2024
British Prime Minister Sir Keir Starmer also paid tribute to Eriksson.
"Deeply saddened to hear that Sven-Goran Eriksson has passed away,'' he said in a statement.
"He will be remembered for his tremendous contribution to English football which brought joy to so many over the years. Our thoughts are with his family."
In his native Sweden, where he was known simply as "Svennis", Eriksson was praised as a great sports leader.
"Svennis was a soccer innovator and a very popular person who maintained his core values despite all his international success," Sweden's Minister of Social Affairs Jakob Forssmed said in a post on social media platform X.
After leaving the England job in 2006, Eriksson coached Manchester City and Leicester City as well as the Mexico and Ivory Coast national sides and clubs in China and the Philippines.
He fulfilled a career ambition to take charge of a Liverpool team at Anfield when he coached the Reds Legends in a charity match in March.
"Rest in peace, Sven-Goran Eriksson. The thoughts of everyone at the club are with Sven's family and friends at this extremely sad time," Liverpool said on X.
Eriksson's life and career is the subject of a new Amazon Prime documentary, which was released last week.
In it, the Swede talked about how he hoped to be remembered.
"I hope you will remember me as a positive guy trying to do everything he could do," he said.
"Don't be sorry, smile. Thank you for everything, coaches, players, the crowds, it's been fantastic. Take care of yourself and take care of your life. And live it."
- with agencies