Wolves have sacked manager Bruno Lage after 16 months in charge following Saturday’s defeat by West Ham United left them in the bottom three.
Wolves have won just one and lost nine of their past 15 Premier League matches under the Portuguese.
Lage succeeded Nuno Espirito Santo last summer and led Wolves to a 10th-placed finish in his first season in charge.
However, his side have only scored three goals and picked up six points from eight games this season.
Wolves chairman Shi said that poor form meant he had “no choice” but take the “difficult decision” to sack Lage.
“Bruno is an excellent coach, a hardworking and dedicated manager, and a warm, wise and honest man,” said Shi.
“He and his staff have been a pleasure to work with throughout their time at Wolves, so it is with much sadness that we have had to make what has been a difficult decision.
“I honestly have no doubts about Bruno’s ability and I’m sure he will succeed elsewhere, however the team’s form and performances over the last few months mean that we have no choice but to act.”
The decision has come after high-level meetings in the wake of Saturday’s 2-0 defeat at the London Stadium, which raised renewed questions over the former Benfica boss.
The club hierarchy felt the current run of form was a poor return given they have spent in excess of £100m on new players this summer.
Amorim to replace Lage
As per latest sources, Wolves want Sporting Lisbon boss Ruben Amorim to replace Bruno Lage.
The 37 year old Amorim ended Sporting’s 19-year title wait in 2021-22 – his first full campaign in charge – and went on a record 32-match unbeaten run in the process.
He led the Lisbon giants to the Champions League last-16 last season where Manchester City beat them 5-0 on aggregate.
Other managers in the running are Sevilla boss Julen Lopetegui, former Olympiakos head coach Pedro Martins and Valencia chief Gennaro Gattuso.