Wolves are preparing to approach Middlesbrough for permission to speak to Rob Edwards.
Sky Sports News reported Edwards was a candidate for the role after Vitor Pereira was sacked on November 2 following a 10-game winless start to the Premier League season.
The Middlesbrough boss has a history with Wolves, having made over 100 appearances for them during his time there as a player from 2004 to 2008.
He was also part of the club's coaching staff, working with the under-18s in 2014 before being promoted to a coaching role with the first team in 2015.
He would return to the club after a short spell away to become head coach of the under-23s in 2019, a position he held before joining Forest Green Rovers in 2021.
Edwards replaced Michael Carrick at Middlesbrough in the summer, and has led them to third place in the Championship.
When previously asked about becoming Pereira's successor at Molineux, he claimed that he was fully focussed on his job at the Riverside Stadium.
"You know my links to the club [Wolves]," Edwards said. "But my full focus is on this job here, which is a brilliant job, and trying to turn things around.
"Speculation is hard for me to comment about. We've done a decent job so far.
"It's all speculation anyway. I never get drawn on stuff that's all hypothetical and I don't want to get drawn on that.
"I love being Middlesbrough manager and that's what I want to think about.
"All I can say is I've not given it a single thought because my focus is just on this. It's all the stuff that my daughter was telling me about."
Wolves previously held talks with former manager Gary O'Neil over returning to the club, but he opted to pull himself out of the race citing a timing issue.
- November 8: Chelsea (a) - Premier League, kick-off 8pm, live on Sky Sports
- November 22: Crystal Palace (h) - Premier League, kick-off 3pm
- November 30: Aston Villa (a) - Premier League, kick-off 2.05pm, live on Sky Sports
- December 3: Nottingham Forest (h) - Premier League, kick-off 7.30pm, live on Sky Sports
- December 8: Man Utd (h) - Premier League, kick-off 8pm, live on Sky Sports
