Darren Ferguson ruled out in Wolves' hunt for head coach

The Peterborough boss had been touted as a potential successor to Dean Saunders along with firm favourites Kenny Jackett, Owen Coyle and Steve McClaren.

Although the former Wolves midfielder is now quoted as 14-1 to land the job – making him sixth favourite – he had some support after twice leading Posh out of League One before they were relegated alongside Wolves this season.

The 41-year-old made 149 appearances for Wolves between 1994-99 but a Molineux return appears to have been dashed.

Posh chairman Darragh MacAnthony said on Twitter last week that Ferguson was staying at London Road.

And a Peterborough United source said today: "Darren is not in the running (for the Wolves job) which is a major surprise to us. We were bracing ourselves for an approach.

"I can't say we're unhappy. He has taken us to three promotions and we can now look forward to another.

"He plays the kind of game they love there but we're told there is no interest whatsoever."

Ferguson's removal from contention leaves the way clear for Jackett and Coyle, although it is understood McClaren hasn't yet been contacted by the club.

Interviews are still being held and a final decision could be two weeks away.