A late MK Dons goal against Brentford has handed Wolves the League One championship, after they won at Leyton Orient earlier on Saturday
Wolverhampton live updates
Wolves are delighted to confirm the arrival of Kenny Jackett as Head Coach.
Dean Saunders' successor as manager at Molineux faces "a massive task" to lift the club in readiness for an instant return to the npower Championship, says former Wolves goalkeeper Matt Murray.
– Matt Murray speaking to Sky Sports News.
The Wolves players have to realise that in every single game they're going to be a massive scalp
In the Championship Wolves are a big scalp, but in League One other clubs will go there desperate to play them and when they go away to these teams, it's going to be a lion's den.
I think they've still got £16million of parachute payments and everything else, then I believe Wolves can get back.
But the appointment, the person who comes in, it's a massive task just to lift the whole place.
Wolves sacked Saunders following the club's relegation to League One and are now in the hunt for their fifth permanent manager in less than 15 months.
Owen Coyle, Peterborough's Darren Ferguson and Kenny Jackett, who resigned as Millwall boss, have been installed among the early favourites.
ITV Central News have come up with their list of five possible replacements for Dean Saunders, who was sacked by Wolverhampton Wanderers this morning.
Let us know who your preferred candidate is on Twitter.
Knew Wolves would pull the trigger on Deano. Needs a feel good factor and he's sounded very low in interviews.
Wolves sacking of Dean Saunders & their relegation to League One is a desperate reflection on the judgement of chairman Steve Morgan.
Looks like Dean Saunders' "Eye of the Tiger" was convincing nobody. Steve Bruce never did get that call back from Wolves. How did that go?
Sky Sports News are reporting Dean Saunders has been sacked as manager of Wolverhampton Wanderers following the club's relegation from the Championship.
– Wolves manager Dean Saunders
I'd imagine a lot of the players won't want to stay.
Once we get through this week and get to the end of the season, we'll probably have a meeting - myself, Jez and the chairman - and we'll draw a plan up.