Wolves chairman Steve Morgan admits Alan Curbishley is the calibre of manager they are looking for to replace Mick McCarthy.
The Molineux club are on the lookout for a new man at the helm following their decision to dispense with McCarthy on Monday.
Curbishley has been out of work since leaving West Ham in 2008 and he has already expressed an interest in the vacant hot-seat.
The 54-year-old worked wonders during his lengthy tenure with Charlton and Morgan admits he would definitely be of interest.
"He's got a great track record," Morgan told Sky Sports. "He's been there and done that before. He's exactly the calibre of person we'd be looking for.
"There are a number of other candidates as well. I don't really want to be drawn into a conversation about who we'd be talking to just yet.
"Clearly we'd be interested in someone of his calibre.
"We'll have to see who's available and the right fit for the club, somebody's personality who suits Wolverhampton Wanderers.
"It's very, very early to say yet, but we won't be hanging around. We need to take some action in the coming days."
Wolves are keen to get a new man in place as soon as possible, however, Wolves' supremo insists the club have not held talks with potential candidates.
"This has all happened very, very fast. We have spoken about potential candidates, but we've not spoken to anybody," Morgan added.
"We wouldn't speak to anyone while Mick was in place and quite rightly so.
"Now that Mick is no longer with the club we will be having a number of conversations with a number of people in the coming days."
Morgan revealed the club were forced to act in the wake of Sunday's 5-1 loss to West Brom so that a new man could be brought in with enough time to save the Midlands from the drop.
"Basically following the result (on Sunday) I'm afraid we felt we had no choice," he continued.
"Mick and I have had several conversations in recent weeks. Mick's a good guy. The decision was taken extremely regrettably.
"Results have just not been right this season. The last 22 results have just yielded 14 points.
"It's just not good enough. It just wasn't going our way. In the end we had to take the action we did.
"Wolves is a great old club. We have to give ourselves a fighting chance to get out of relegation. We didn't feel it was going that way
"In the end we had little or no choice. It came with a heavy heart. Everybody likes Mick. He's been a great servant for the club.
"We wish him all the best from a personal and a club point of view, but we have to think what's best for Wolves."