Walter Smith offered Wolves manager job

Wolves owner Steve Morgan has asked Walter Smith to be the club's new manager, it was revealed today.

The club hopes to bring to an end 10 days of speculation over who will replace Mick McCarthy.

Former Rangers, Scotland and Everton boss Smith received a revised offer from Wolves last night after rejecting an initial, longer-term contract on Tuesday.

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Club chief executive Jez Moxey contacted Smith again asking him to take the job until the end of the season, and the Glaswegian is now considering the post on those terms, with a decision expected later today.

Bookies today stopped taking bets on the 63-year-old becoming the new manager.

Smith's appointment would mean Wolves' existing backroom staff would remain in place until at least the end of the season, when the club expects to make a more permanent appointment.

Wolves turned to Smith after former West Ham boss Alan Curbishley turned down the job for a second time on Tuesday and Reading manager Brian McDermott signed a new, three-and-a-half-year contract yesterday after an approach from Molineux.

Smith is known to Moxey from his first spell at Rangers from 1991-98 when the Wolves chief executive initially ran a basketball franchise from the Scottish giants before becoming commercial manager.

Interim Wolves boss Terry Connor was due at his first press conference this afternoon at Wolves' Compton Park training ground.

Should Smith accept, he is expected to attend Saturday's game. Former Charlton and West Ham manager Curbishley had been the frontrunner for the job but the 54-year-old twice rejected an offer.

Mr Moxey today refused to confirm or deny that the job had been offered to Smith.