Former Benfica manager Rui Vitoria has not been contacted about taking over at Wolves, the PA news agency understands.
Sources had indicated the 55-year-old, who won two Portuguese Primeira Liga titles with the Lisbon side in 2016 and 2017, had been sounded out about succeeding the sacked Vitor Pereira, but it is understood he is not currently among the contenders.
Wolves are winless at the bottom of the Premier League after 10 games and are eight points from safety, with the 3-0 defeat to Fulham on Sunday proving the final straw for Pereira, who had only signed a new three-year deal in September.
Vitor Pereira was sacked on Sunday following Wolves 3-0 defeat to Fulham
Vitor Pereira was sacked on Sunday following Wolves 3-0 defeat to Fulham(Maja Smiejkowska/PA)
It has been reported former Manchester United boss Erik ten Hag is under consideration to take over at Molineux after leaving Bayer Leverkusen in September.
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Gary O’Neil, who was sacked by Wolves last December, pulled out of the running on Monday.
Wolves have just two points to their name and no team has ever survived in the Premier League with so few at this stage of a campaign.