Edwards’ appointment, given his current employment, would provide many obstacles to overcome, with Middlesbrough believed to be entitled to a significant compensation fee should their manager leave.

That leaves O’Neil well placed to return, but sources have indicated that while he is a strong candidate he is not the only contender.

Wolves have a history of appointing managers with close links to high-profile agent Jorge Mendes, in Nuno Espirito Santo, Bruno Lage and Pereira.

And it is understood that in addition to O’Neil, Wolves are speaking to at least one manager from Mendes’ stable.

O’Neil was sacked by Wolves in December 2024 following a disappointing start to the 2024-25 campaign.

But the former West Ham midfielder is ready for a return to management and is open to re-joining Wolves, who are winless after the first 10 games of the Premier League season.