Former Benfica manager Bruno Lage has emerged as the frontrunner to become Wolves manager.
Lage has flown to London for talks with the club, after they confirmed they would part ways with Nuno Esprito Santo last Friday.
The 45-year-old Portuguese native previously held assistant coach roles at both Swansea and Sheffield Wednesday, before managing Benfica from January 2019 to the summer of 2020, winning the Primeira Liga in his first season.
Similar to Nuno Espirito Santo, the former Benfica manager is a client of the Gestifute agency - that of superagent Jorge Mendes - who also represents many Wolves players. The club's owners Fosun also have a 20% stake in the agency.
Nuno's departure was confirmed last Friday, ending his memorable four year spell at the club, during which time he brought them from the Championship to the Europa League, and establishing them as a comfortable Premier League side.
However, he was allowed to take the dugout for the final game of his tenure, as they welcomed Manchester United to Molineux last Sunday, and received an emotional send-off from the 4,500 fans in attendance.
Speaking after the game, the outgoing manager said he believes the club will have a bright future, even in his absence.
"Of course – I’m positive and I’m sure, because the foundation is there, the quality and talent of the players, the commitment of the players, the way they work with each other for the club.
"I only can see good things.
"I always like to look at things as a whole, and now we have a chance to reflect on four years, four seasons that we were together.
"The highlight is how we finish – we finish with the same spirit, the same unity, and proud of ourselves because it is amazing what the players have done since day one. We must really value what we have built.
"It means a lot, the love and respect we felt and feel (from fans), the bond the fans have created with the team, the squad, all of us. It is very special, the bond between the fans and the team, and this will stay forever, it is something that is here to stay."