Marcelino has reportedly turned down the Wolves job.
According to journalist Pedro Morata, the former Valencia boss was approached by Wanderers regarding the managerial vacancy.
But the 57-year-old declined the opportunity. Apparently, he is holding out for the Spain job to become available.
Currently, Luis Enriques heads the national team, and has been in place since July 2018.
Marcelino becomes the second Spanish manager to say no to Wolves, after Julen Lopetegui also rejected the job.
The former Sevilla manager wanted to remain with his family. At the moment, his father is not well and the timing is simply not right for him to jump back into work.
Many names have been linked with the Wolves vacancy since Bruno Lage’s sacking just over two weeks ago now.
Marcelino had apparently already been contacted. But journalist Morata has said there won’t be any chance of him succeeding Lage.
He told Directo Gol: “As far as I have absolutely confirmed Marcelino has turned down the possibility of coaching Brighton and Nottingham Forest (and Wolves).
“Jorge Mendes phoned Marcelino’s people for Wolverhampton. All three clubs were told no by Marcelino.
“I think Marcelino is waiting in case Luis Enrique does not continue in the Spanish national team as coach of Spain. He wants to be Spain coach.
“Marcelino is certainly one of those who is sure to be on the shortlist of the Royal Spanish Federation.”
An interesting claim in Wolves next manager hunt, as Marcelino reportedly turns down job
This comes quite out of the blue.
Marcelino, who is currently a free agent, has not been mentioned at all really over the past couple of weeks.
So it is an interesting claim from journalist Morata.
Marcelino had some success in Spain managing the likes of Valencia and Athletic Bilbao, winning the Copa del Rey with the former and the Supercopa de Espana with Bilbao. He also lost two Cop del Rey finals with Bilbao.
If Wolves really did offer him the job, then hopefully whoever comes in can quickly show that there need not be any regrets.