Gary O’Neil No Longer in Consideration for Wolves Position

Gary O’Neil has officially stepped back from the race to become the new manager of Wolverhampton Wanderers.

Wolves are on the lookout for a new leader after parting ways with Vitor Pereira on Sunday. A recent defeat against Fulham has left the team without a victory and positioned at the bottom of the Premier League standings.

O’Neil’s Withdrawal from Negotiations

Reports indicate that the former Wolves manager O’Neil had been in discussions with the club’s officials regarding a possible return. According to sources, much of the contract details for O’Neil were largely agreed upon before he opted to withdraw from negotiations on Monday.

Financial Arrangements

O’Neil is still receiving payments from Wolves due to the terms of his 12-month severance agreement after being relieved of his duties last December.

Potential Candidates for the Position

In related news, Erik ten Hag, who has previously managed both Manchester United and Bayer Leverkusen, is also in talks with Wolves about the managerial vacancy.