The 64-year-old Swede, who has been without a job since leaving Leicester City in October, has been in China the past week and attended Guangzhou's 3-0 victory over Henan Construction on Sunday.
There was speculation last week in The Sun about a possible Chinese switch for Eriksson, who was linked with Shandong Luneng's coaching job in November.
Chinese media had reported Eriksson, along with Marcello Lippi and Guus Hiddink were on big-spending Guangzhou's wishlist, after their far from perfect start to the season following last term's dominant title charge.
Evergrande lost in the league last weekend to city rivals Guangzhou Fuli, while they also went down surprisingly 2-1 in the AFC Champions League to Thai upstarts Buriram United in midweek leaving the South Korean under some pressure.
However, Lee told the China Daily that Eriksson was only at Tianhe Stadium on Sunday as an interested onlooker.
"He was just a spectator. Football can be like this - anyone could be a fan. In this regard, I am not surprised if Messi also shows up at our stadium," Lee said.
An unnamed official from Guangzhou told New Express that there had been no contact with Eriksson.
"He might have bought the tickets himself," the source said.
Guangzhou's win over Henan has moved the champions into second spot on the table, behind Fuli on goal difference.
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