Fabrizio Romano claims Wolves have already identified Bruno Lage as their first choice to replace Nuno Espirito Santo.
Santo’s shock departure has been confirmed by the club and it appears that Lage has already been lined up.
Jeff Shi said: “Nuno has brought us some incredibly special moments at Wolves that will never be forgotten, but every chapter comes to an end.
“His loyalty and dedication over the last four years has been immeasurable, and we cannot thank him enough for the progress he has made for Wolves.
“Sunday was already going to be a very special day, welcoming our supporters back for the first time in more than a year; but it will also now be a fitting goodbye for someone who will forever remain an important part of Wolves history.”
Lage is currently out of work, and his most recent job was at Benfica.
He has previously worked in English football before as assistant manager at Swansea and Sheffield Wednesday.
In those toles, he was alongside fellow Portuguese Carlos Carvalhal before stepping out as a manager himself.
Lage won the 2018/19 Portuguese title, and scooped the manager of the year award at the end of that season.

Sérgio Conceição is also on the three-man shortlist and is the current manager of Benfica’s domestic rivals Benfica.
It seems that Wolves want to go with another Portuguese manager to help continue the work done by Nuno.
Would it be a risk to go with a manager with no Premier League experience? Only time will tell.
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