WOLVES have agreed a deal with Vitor Pereira to take over as manager, according to reports.
Gary O'Neil was sacked by the club on Sunday following a defeat to Ipswich.
But Wolves have wasted no time in deciding who they want to replace him and have now agreed a deal with Pereira, according to Sky Sports News.
Next they will have to agree a compensation package with his current club Al-Shabab, with negotiations understood to be ongoing.
Pereira is set to fly over to England this week and could take training ahead of the match against Leicester, with Wolves hoping to confirm his appointment in the next 48 hours.
Pereira only joined the Saudi Pro League side in February and led them to an eighth-placed finish last season.
He has continued that success this season with his side sixth in the league after picking up seven wins in 13 games.
Pereira, 56, will provide plenty of experience at Molineux having managed 13 clubs in his career.
He has won six trophies including two titles with Porto, and league wins in Greece and China with Olympiacos and Shanghai SIPG.
His knack for discipline and "emotional understanding" are reportedly characteristics which appeal to Wolves.
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Pereira has never managed in the Premier League but came close to joining Everton in January 2022.
He interviewed for the job but many fans didn't believe he was the right man for the Toffees.
Fans even protested his prospective appointment, including a spraypainted message that read 'Pereira out, Frank [Lampard] In".
Those supporters got their wish but Lampard was a disaster and was sacked just short of reaching a year in the job.
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