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Sporting boss Rúben Amorim (7/4) is the early bookies favourite to replace Bruno Lage

Julien Lopetegui, Pedro Martins & Andre Villas-Boas are also prominent

Joao Moutinho, Thomas Tuchel, Rob Edwards & some guy called Nuno have also been priced

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Below story has been updated with quotes from Jeff Shi. The chairman was very complimentary of Bruno Lage. “Bruno is an excellent coach, a hardworking and dedicated manager, and a warm, wise and honest man. He and his staff have been a pleasure to work with.' #wwfc

'Bruno had lost the fans, the writing was on the wall!'

20 minutes of reaction with Liam Keen & moi as Wolves begin their search for a new manager - WATCH

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Academy coaches Steve Davis and James Collins will prepare the first team for the trip to Chelsea while Wolves look to appoint a new manager. #wwfc

Officially confirmed now. #wwfc

Wrote this 10 days ago on Bruno Lage. Steve Bruce and Steven Gerrard have also been under pressure this season but he was most at risk, coming out of the break. #wwfc scored just 41 goals in the 46 Premier League matches he took charge. expressandstar.com/sport/football…

It's fair to say fans believe Wolves' decision to act swiftly and sack Bruno Lage is the correct one

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Just one win in eight Premier League games this season, with just three goals, which is just one win in 15 with the end to last season - unfortunately that is difficult for any manager to survive and Wolves have taken their decision. #wwfc expressandstar.com/sport/football…

Breaking: Wolves have sacked head coach Bruno Lage. #wwfc

The player ratings are in #wwfc expressandstar.com/sport/football…

Bruno Lage is under huge pressure this evening as manager of Wolverhampton Wanderers

Liam Keen discusses the 2-0 defeat and what Wolves should do moving forward - WATCH

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Bruno Lage issues an apology to the Wolves fans and says he will speak to his players about not approaching the away end after the game. Says he has felt pressure 'since the first day'. Also expects Pedro Neto's injury to be a bad one. #wwfc expressandstar.com/sport/football…

Wolves slip into the relegation zone. #wwfc expressandstar.com/sport/football…

Only Moutinho, Campbell, Podence, Kilman and Neves approach the Wolves fans to clap them. Plenty of angry supporters and Moutinho raises his hands in apology.

Rest of the players and Lage down the tunnel. #wwfc

FT: 2-0. Wolves simply not good enough again. Same old. #wwfc expressandstar.com/sport/football…

Chem Campbell showing some intent and goes close. He dances inside off the left flank, goes past two, and shoots just wide at the near post. #wwfc

Still offside. #wwfc

Wolves SUBS: Traore and Campbell on for Nunes and Semedo. 72 mins gone. #wwfc