The verbal "sleeping" is a gerund functioning as a noun. Verbals are classified into infinitives, gerunds, and participles. They are formed from verbs, and can function as adjectives, nouns, or adverbs. Infinitives such as "to swim" can function as a noun, an adjective, or an adverb. Gerunds like the example "be sleeping" function as a noun. Participles can function as adjectives.
A gerund is the noun form of a verb. It contains a verb with the addition of -ing. In the sentence provided, the function of the gerund is;
The sentence provided already has a subject which is the pronoun, I. In the sentence provided, the word sleeping is a gerund that functions as a verb.
It describes the action that the person wants to take and that is sleeping.
Summarily, the gerund sleeping acts as a verb in this sentence.
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