Former FC Copenhagen and Cologne coach Stale Solbakken is expected to become the new Wolves manager.
The 44-year-old, a former Norway international, is odds-on to replace Mick McCarthy, who was sacked as boss in February.
Interim manager Terry Connor has already been interviewed and it is understood Wolves, who have already had relegation from the Premier League confirmed, want to retain his services in some capacity.
Solbakken has an impressive pedigree, although he was sacked by Cologne last month, with the team then third from bottom of the Bundesliga.
Before that, former Wimbledon player Solbakken had led Copenhagen to five Danish titles.
He is a former Norway international but his playing career came to an end after he suffered a cardiac arrest on the training ground while at FC Copenhagen, who were then managed by the new England boss Roy Hodgson.
Connor stepped up from the background staff to replace McCarthy until the end of the season but Wolves have not won any of his 12 games in charge.
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