Rob Edwards and Gary O'Neil both have previous connections with the club
Edwards and O'Neil are two of the early candidates in the frame to succeed the former manager as manager of Wolves.
Pereira was sacked on Sunday following the squad's ten-game winless beginning to the top-flight campaign.
And Edwards and O'Neil - each of whom have historic associations to the team - are part of the names to be evaluated by the club ownership.
The manager is currently at Middlesbrough, which would pose a potential hurdle to his hiring at Wolves' stadium.
Nevertheless the former Luton Town head coach - who made more than 100 of games for the club during his playing career - is considered a strong candidate for the vacancy.
The 42-year-old is reportedly enjoys support from the club directors as they begin the search of hiring a fresh manager.
O'Neil is also emerging as a surprise candidate, even though he would be a surprising appointment considering he was sacked by the club in December last year.
The former West Ham player is currently unemployed which means the club would not need to provide any compensation.
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Bonnie Nichols
Bonnie Nichols
Bonnie Nichols
Bonnie Nichols