Rob Edwards together with Gary O'Neil each possess previous links with the club
Edwards along with Gary O'Neil represent the initial names in the frame to replace the former manager as manager of Wolves.
The previous coach was dismissed on the weekend following the squad's ten-game winless start to the Premier League campaign.
And Edwards and O'Neil - each of whom have historic associations to the team - are part of the options to be considered by the club ownership.
Edwards is presently at Middlesbrough, which would create a potential obstacle to his hiring at Wolves' stadium.
However the ex- Luton Town head coach - who played over a century of appearances for the club during his playing career - is considered a leading contender for the vacancy.
The mid-career manager is said to have backing from the Wolves directors as they start the search of appointing a new head coach.
O'Neil is additionally emerging as a unexpected contender, although he would be a shock choice considering he was released by the club in the previous winter.
The ex- West Ham United midfielder is out of work which means the club would not need to provide any compensation.
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