Reading have played down speculation linking Brian McDermott with the Wolves job after insisting there has been no approach from the Premier League strugglers.
Wolves sacked Mick McCarthy on Monday following last weekend's derby humiliation by West Bromwich Albion and McDermott has been mooted as a contender for the vacancy.
Alan Curbishley, Steve Bruce and Neil Warnock are reported to be the leading candidates for the post, but McDermott's impressive work at Reading has put his name in the frame.
McDermott has been in charge at the Madejski Stadium since late 2009 and currently has the Royals in the Championship play-off zone following three successive wins.
Director of football Nick Hammond says he has not spoken to Wolves about the speculation and confirmed McDermott is focused on Reading's bid for promotion back to the top flight.
"I know the Wolves chief executive Jez Moxey well but I haven't spoken to him in the last 48 hours," Hammond told the Reading Chronicle.
"I'm sure he has a lot on his plate at the moment. Mick McCarthy did a wonderful job there and I'm sure the club had a very difficult decision to make.
"There are good people at Wolves. We've dealt with them a lot in the past concerning Kevin Doyle, Marcus Hahnemann and other players and we have a good relationship.
"Brian just wants to concentrate on business here. There are so many games coming up soon that's all he wants to think about.
"There will always be talk and speculation when a manager is winning matches in the way Brian is.
"But we can't really think too much about that peripheral stuff because our focus is on the games ahead."