Wolves "are just about on schedule" to appoint a new manager in time for next weekend's Premier League match at Newcastle, according to chief executive Jez Moxey.
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Wolves, who sacked manager Mick McCarthy last week, are holding a second round of interviews as they hunt for a successor, with Steve Bruce the clear favourite ahead of Alan Curbishley.
Former Sunderland boss Bruce impressed when meeting Moxey and Wolves owner Steve Morgan on Friday.
Moxey said: "What I can say is that I think we are about halfway through the process and it is going well.
"We have seen some very good candidates and have got some more candidates to see and we've got second interviews.
"So far I think we are just about on schedule to keep to what we said which was, if at all possible, that we'd like a new manager in before our away game to Newcastle United.
"We can't be absolutely sure that will be the time frame but ideally that is what we want to do.''
Moxey, in an interview with Sky Sports News, added: "This job requires a certain type of manager and someone who is going to give us complete commitment and enthusiasm.
"We would only ever appoint somebody who clearly demonstrated to us that they really want the job. It's a big job and an exciting job and I think we'll find the right candidate.
"I hope that our fans understand that this process is continuing and we are still confident in our position in terms of the timing and I am sure we will get a really good candidate.''
Lee Clark has become available since being surprisingly sacked as Huddersfield manager.
Moxey said: "We said this was not a job for a novice and I don't want to get drawn on individuals.
"Lee Clark has clearly done a good job at Huddersfield and we are aware of his sudden availability. It is difficult, though, for us to speak of individuals.
"We have given assurances to everyone to protect confidentiality that we would never break confidences.''