Less than 12 months after he was brought in to replace Gary O'Neil and lead Wolves to safety - he is gone.
He becomes the latest manager to be sacked by Wolves - with the club searching for their third boss in 12 months.
The sacking and where Wolves go next was the big topic of discussion on the E&S Wolves podcast on Monday.
Liam Keen and Jonny Drury look the Pereira's departure and discuss why there are problems that run far deeper than sacking the head coach.