Wolves and Julen Lopetegui have parted ways after less than a year working together.
The Spanish manager agreed to terminate his contract after discussions with club officials.
Gary O’Neil is reportedly the favourite to replace him, although it is unlikely he will be snapped up in time for Wolves’ Premier League opener away at Manchester United next Monday.
Lopetegui, 56, replaced Bruno Lage at Molineux last November after a successful stint in charge of Sevilla, where he won the 2019-20 Europa League.
The former Real Madrid boss guided Wolves to Premier League survival last term and even masterminded a 3-0 home victory over Liverpool in February.
But Lopetegui’s apparent anger over the West Midlands outfit’s lack of spending means he will now be on the hunt for a new managerial role.
Wolves are yet to lift their wallet this summer, with Tom King and Matt Doherty the only arrivals on free transfers.
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