Paul Lambert has been named as Walter Zenga’s replacement as Wolves manager.
Former Norwich, Blackburn and Aston Villa manager Lambert had been widely tipped to be named the new boss of the struggling Championship side.
“We are delighted to confirm the appointment of Paul Lambert as the club’s new head coach,” the club said on Twitter.
Wolves had earlier lost 3-2 at home to Derby, leaving them 19th in the table and just three points above the relegation zone, with Rob Edwards in charge of the side.
Now 47-year-old Lambert is tasked with taking the club back into the Premier League, according to the club’s main director Jeff Shi.
“Ourselves and Paul share the same vision and the same mission, to achieve promotion from the Championship as soon as possible and then aim for a higher goal in the Premier League,” said Shi.
“That mission never changes, and we are doing everything possible to realise it.
“We strongly believe Paul is the key and long-term leader of Wolves to achieve our goals together with the team.”
Edwards will remain part of the backroom staff, with Stuart Taylor joining the club as first-team coach. Taylor worked with Lambert at Villa as a youth coach.
Former Italy goalkeeper Walter Zenga was sacked as Wolves head coach on October 25.