Edwards’ position at Middlesbrough, given his current employment, would provide some obstacles, with Boro believed to be entitled to a significant compensation fee.
Edwards is a former Wolves Under-23 coach and was also first-team coach, having had a two-game interim spell in charge in 2016, and distanced himself from the role.
“I was told by my daughter yesterday [Sunday], so that probably tells you where I stand on it,” he said.
“You know my links to the club but my full focus is on this job here, which is a brilliant job, and trying to turn things around from the weekend in a really big game against Leicester.
“Speculation stuff is hard for me to comment about, anything else other than Middlesbrough, which is where my focus is, that we’ve done a decent job so far.”
Wolves have a history of appointing managers with close links to high-profile agent Jorge Mendes, in Nuno Espirito Santo, Bruno Lage and Pereira.
It is understood that in addition to O’Neil, Wolves were speaking to at least one manager from Mendes’ stable.
O’Neil was sacked by Wolves in December 2024 following a disappointing start to the 2024-25 campaign, failing to win in their opening 10 games.
