Wolves have dismissed reports that Gary Megson is being lined up to replace Terry Connor as manager in the club's battle to avoid relegation.
Terry Connor has spoken of his pride at being named the new manager of Wolves until the end of the season.
Wolves chairman Steve Morgan has defended the club's decision to sack Mick McCarthy after Terry Connor was named as his replacement.
Wolves have appointed assistant boss Terry Connor as manager until the end of the season.
Walter Smith has confirmed he has rejected the opportunity to return to Premier League management with Wolves.
Sky Sports sources understand Walter Smith has turned down the chance to become Wolves manager until the end of the season.
Former Rangers and Everton boss Walter Smith has emerged as the new favourite to take charge of Wolves as Mick McCarthy's successor.
Gus Poyet has confirmed that Wolves contacted Brighton in their search for a new manager but says he 'never had a decision to make'.
Reading manager Brian McDermott has denied holding managerial talks with Wolves prior to signing a new contract.
Reading manager Brian McDermott has penned a new contract until the summer of 2015 to cool talk linking him with the vacant Wolves job.
Brighton first-team boss Charlie Oatway is unsurprised by reports linking Gus Poyet to the Wolves role but expects him to stay put.
Wolves' reported interest in Reading manager Brian McDermott has come as no surprise to Royals midfielder Jobi McAnuff.
Terry Connor is confident Wolves will respond positively amid reports the club are preparing to approach Reading to speak to Brian McDermott.
Sky Sports understands Wolves have asked Brighton permission to speak to their manager Gus Poyet.
Jez Moxey says Wolves' manager search is progressing but refused to be drawn on speculation Alan Curbishley is out of the running.
Wolves chief executive Jez Moxey remains optimistic the club will appoint Mick McCarthy's successor before the next game against Newcastle.
Wolves midfielder Jamie O'Hara insists the club's players are to blame for Mick McCarthy's sacking.
Reading have played down speculation linking Brian McDermott with the Wolves job after insisting there has been no approach.
Wolves striker Kevin Doyle says he never lost respect for recently dismissed boss Mick McCarthy despite losing his first-team spot.
Former Charlton and West Ham boss Alan Curbishley will meet with Wolves over the vacant managerial role, according to his agent.