Rob Edwards together with Gary O'Neil each possess past connections with Wolves
Rob Edwards along with O'Neil represent the early names in the frame to succeed the former manager as manager of Wolves.
Pereira was sacked on the weekend following the squad's ten-game winless beginning to the top-flight season.
And both candidates - each of whom have historic links to the club - are among the names to be evaluated by the club ownership.
The manager is presently at another club, which would create a potential obstacle to his hiring at Molineux.
Nevertheless the former Luton manager - who played more than 100 of appearances for Wolves during his time as a player - is considered a strong contender for the vacancy.
The 42-year-old is said to have backing from the club directors as they begin the process of hiring a new manager.
Gary O'Neil is additionally appearing as a surprise candidate, even though he would be a surprising choice given he was sacked by the club in December last year.
The former West Ham midfielder is out of work meaning Wolves would not be required to pay any compensation.
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Michael Hunter
Michael Hunter
Michael Hunter
Michael Hunter
Michael Hunter