Rob Edwards set for Wolves job as contract revealed

Now, the Telford-born boss will return to the club in the hope of dragging them out of relegation trouble as he replaces Vitor Pereira as the new head coach.

Discussions are being finalised over his backroom team and Edwards is set to be unveiled as the new boss in the coming days.

Wolves originally moved for former head coach Gary O'Neil but after he turned it down they quickly turned their attentions to Edwards, who has plenty of admirers in the Wolves hierarchy and has come close to joining the club in recent years.

Middlesbrough were desperate to keep him and they originally rejected Wolves' official approach on Thursday, before Edwards' pre-match press conference on Friday was cancelled and he did not take training.

Edwards was then stood down from managing Boro in their match against Birmingham on Saturday as the Championship side gave their head coach permission to speak to Wolves over the vacancy.

The two clubs reached an agreement over the compensation due, believed to be in the region of £2million, freeing Edwards to make the move to Wolves that he was keen on.

Middlesbrough's statement read: "Middlesbrough Football Club have, subject to the completion of an agreement with Wolverhampton Wanderers, given head coach Rob Edwards permission to speak to Wolves.

"We initially rejected an approach from Wolves on the basis that Rob signed a three year contract with MFC less than six months ago.

"Following discussions with Rob we were disappointed to learn that he wanted to speak with Wolves regarding their head coach vacancy. We have now agreed terms with Wolves, subject to completion of the relevant paperwork."

Wolves had spoken to Edwards' representatives earlier in the week as they attempted to poach him for the role of head coach.

As a result of this ongoing saga, Boro then accused Wolves of breaking Premier League rules when a club source told The Telegraph: “Unfortunately Wolves have behaved at a standard less than we expect and we believe their conduct is in breach of Premier League regulations.”

But permission was eventually given for the parties to speak over the role and come to an agreement.

Following Wolves' 3-0 defeat to Chelsea on Saturday under interim boss James Collins, Edwards' first game in charge will be Crystal Palace at Molineux after the international break.

Wolves are planning to make money available in January to aid the club's fight against relegation, while it is understood they see Edwards' appointment as a long-term project that could help them bounce back if they are relegated.