Rob Edwards together with O'Neil each possess past connections with Wolves
Rob Edwards along with O'Neil represent the early candidates under consideration to succeed the former manager as head coach of Wolves.
Pereira was dismissed on Sunday after the team's ten-game without a victory start to the Premier League season.
And both candidates - each of whom have historic associations to the team - are among the options to be evaluated by the Wolves leadership.
Edwards is presently at another club, which would pose a potential obstacle to his hiring at Molineux.
Nevertheless the ex- Luton Town manager - who made over a century of appearances for the club during his time as a player - is considered a strong contender for the vacancy.
The mid-career manager is said to have support from the Wolves directors as they start the process of hiring a fresh head coach.
Gary O'Neil is additionally emerging as a unexpected candidate, even though he would be a surprising appointment given he was released by the club in the previous winter.
The ex- West Ham player is currently unemployed meaning Wolves would not need to provide any compensation.
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