Wolverhampton Wanderers have now made contact with Xavi as a replacement for Vitor Pereira, with the 57-year-old being dismissed after the 3-0 defeat against Fulham on Saturday.
Pereira was given plenty of time to turn things around, but the loss against the Cottagers was the final straw for Fosun, with the Old Gold now eight points adrift of safety in the Premier League, having made a very poor start to the season.
Goalkeeper Sam Johnstone was particularly critical of the performance after the match, describing it as "embarrassing."
Wolves are still searching for their first top-flight victory, having collected just two points from their opening ten games, while they were also dumped out of the EFL Cup by Chelsea last Wednesday, with the Blues emerging as 4-3 winners at Molineux.
It is going to be a tall order for whoever replaces Pereira to dig the Wanderers out of trouble, but Fosun are now eyeing what has to be considered an ambitious move for Xavi...
That is according to a report from Spain, which states that is indeed not Gary O'Neil at the top of the wishlist. Wolves have now made contact with the former Barcelona manager, who they have identified as the main candidate to replace Pereira, given his experience of managing at an elite level.
Former Barcelona manager Xavi
Fosun see appointing the legendary midfielder as a golden opportunity, as they are admirers of his possession-based style of play, and believe the 45-year-old could restore confidence to the squad.
The Spaniard is the top target, but he is not the only manager on the shortlist for the Old Gold, who are working quickly to appoint a new manager, with Bologna boss Thiago Motta emerging as a potential alternative option, given the Italian side's impressive start to the campaign.
It would no doubt be a major coup if Wolves were somehow able to tempt the former Al-Sadd manager into a move to Molineux, given that he is held in very high regard by Barca president Joan Laporta.
The Terrassa-born manager, who prefers to implement a 4-3-3 system, has won eight trophies as a coach, across spells in Qatar and La Liga, most impressively lifting the Spanish title in the 2022-23 season.
Xavi has been out of work since being dismissed by Barcelona over 18 months ago, but in truth it is difficult to picture him moving to Molineux, given the mess Wolves currently find themselves in, sitting bottom of the Premier League, having shipped 22 goals, the highest number of any side.
Wolves also targeting Brendan Rodgers as replacement for Pereira