Following a string of disappointing results, Wolves have parted ways with manager Vitor Pereira. The club's hierarchy is now actively seeking a replacement to steer the team away from the Premier League's relegation zone. Bookmakers have released a list of potential candidates, with some familiar faces among the frontrunners.

Gary O'Neil, who previously managed Wolves, has emerged as an early favorite for a return to Molineux. O'Neil, who was sacked in December 2014, had his odds slashed. Despite his relatively short tenure, O'Neil is viewed by some as a steady hand who could potentially guide Wolves out of their current predicament.

Erik ten Hag is also reportedly on Wolves' shortlist. Ten Hag, formerly of Manchester United and recently relieved of his duties at Bayer Leverkusen, is said to be eager to return to management. His experience at a high level could be attractive to Wolves as they look to climb the table.

Other names linked with the Wolves job include Brendan Rodgers, Rob Edwards, Michael Carrick, and Ole Gunnar Solskjaer. Rodgers recently resigned from Celtic and has a wealth of Premier League experience. Edwards currently manages Middlesbrough, while Carrick is also without a club. Solskjaer has also emerged as a candidate for the vacant role.

Wolves currently sit at the bottom of the league, having only managed two points from their first ten games. The new manager will face a significant challenge in revitalizing the squad and securing their Premier League status. The quick appointment of a new boss is crucial to instill confidence and direction within the team.