Edwards together with O'Neil both have previous connections with the club
Rob Edwards and O'Neil represent the initial candidates under consideration to succeed Vitor Pereira as head coach of Wolverhampton Wanderers.
Pereira was dismissed on the weekend after the team's ten-game winless start to the top-flight season.
Furthermore both candidates - both of who have historic links to the team - are among the names to be evaluated by the Wolves ownership.
The manager is presently at another club, which would create a potential obstacle to his hiring at Wolves' stadium.
Nevertheless the former Luton Town head coach - who played over a century of appearances for the club during his playing career - is said to be a leading contender for the vacancy.
The 42-year-old is reportedly enjoys support from the club directors as they begin the process of hiring a fresh head coach.
O'Neil is additionally emerging as a unexpected candidate, even though he would be a shock appointment given he was released by Wolves in the previous winter.
The former West Ham United player is out of work meaning Wolves would not be required to provide any compensation.
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