Wolves today unveiled Kenny Jackett as their first head coach – with chief executive Jez Moxey branding the new boss the club's "Special One."
The 51-year-old former Swansea manager replaces Dean Saunders after resigning as Millwall manager on the same day as his fellow Welshman Saunders was sacked last month.
And, with Chelsea expected to confirm the return of Jose Mourinho as manager this week, Moxey joked: “I want to apologise to Chelsea Football Club.
"I usurped their announcement of the return of the Special One by announcing the arrival of Wolverhampton Wanderers’ ‘Special One’, Kenny Jackett, as head coach.
“I’m delighted Kenny has joined us on a rolling 12-month contract.”
Moxey said Jackett had emerged from a “rigorous interview process” that whittled an initial list of 75 applications down to a shortlist of seven.”
He added: "Those seven were interviewed by myself and Kevin Thelwell, our head of football development and recruitment, and reduced to an even smaller list, who were interviewed by myself and Steve Morgan.
“At each stage Kenny emerged as the outstanding candidate.”
Jackett said: “I’m very proud to be the head coach of Wolves, it’s a fantastic club. It has huge potential.
"We all understand and have seen the troubles that it’s had in recent seasons but, coming into it now, it’s a really exciting time for me. On a personal level, I’m very proud to be here.
“I have left a Championship club to take over a League One side but this is a massive club and I’m really excited about the challenge.”
Chairman and owner Morgan missed today’s unveiling at the Compton Park training ground with Moxey saying he was on club business in London.
Jackett’s arrival comes after a process of talks lasting over three weeks which saw Owen Coyle and Steve McClaren also spoken to,.
Speculation persisted that Crewe boss Steve Davis also held discussions for the post.
Jackett had a lower-key introduction than many of his predecessors, having been paraded at the club’s training ground rather than the traditional appearance at Molineux.
The new head coach’s first task will be to win over supporters after fans gave him a lukewarm reception on Express & Star polls.