Wolves are eyeing Reading boss Brian McDermott as a leading candidate to replace sacked manager Mick McCarthy in a change of direction by the Barclays Premier League club, Press Association Sport understands.
The initial plan was to appoint a manager with top flight experience and former Sunderland boss Steve Bruce remains in the wings waiting to see if he will be granted a second interview.
But Wolves owner Steve Morgan and chief executive Jez Moxey have now turned their attention to the leading lights of the npower Championship and are set to seek permission to speak to McDermott.
Brighton's Gus Poyet is also attracting interest although Wolves have denied reports they have made an approach.
But in any case a compensation figure believed to be around £2million - Poyet still has four years left of his contract - is likely to prove a stumbling block.
Sacked Huddersfield boss Lee Clark is the bookmakers second favourite behind Bruce but is believed not to have been approached.
It is McDermott who is understood to be at the forefront of Wolves' current plans and being only on a one-year rolling contract means compensation would be considerably less than that for Poyet.
He led the Royals to the play-off final last May and has mounted another strong promotion push this season after the £9million sale of striker Shane Long, to West Brom, and defender Matt Mills, to Leicester.
The former Arsenal winger has shown himself capable of working under financial constraints and brought in Kaspars Gorkss and Adam Le Fondre as replacements for Long and Mills for a total £1.2 million.
McDermott replaced Brendan Rodgers as Reading care-taker manager in December 2009 and earned the job on a full-time basis the following month after Reading achieved a shock FA Cup win over Liverpool.
He will also have the support in the Wolves dressing room of striker Kevin Doyle and midfielder Stephen Hunt who worked with him at Reading.
Bruce impressed when meeting Morgan and Moxey last Friday and has the Premier League experience earned during 10 years with Birmingham, Wigan and Sunderland.
But there has been a negative reaction to his possible appointment from some sections of Wolves fans.
McCarthy's number two, Terry Connor, is currently in charge of the squad preparing for Saturday's trip to Newcastle but progress in finding McCarthy's successor is slower than initially anticipated.