Relegated Wolves

         

The Midlands club lost five of their last six matches of the season and former Doncaster boss Saunders is followed out of Molineux by Carey.The club will now take as long as is necessary to make this crucial appointment and there will be no publicly communicated timescales.McCarthy's assistant Terry Connor was appointed until the end of that season, but Wolves were relegated to the npower Championship with three games remaining.A statement released on Monday morning on the club's website read: "Manager Dean Saunders has been informed by Wolves that his contract is to be terminated.Wolves would like to thank Dean and Brian for their efforts in what has been a very difficult period for everyone, and wish them both the very best for the future.But the Norwegian made little impact at Molineux and after just half a season, with the club lying 18th in the Championship in January, he too was sacked and replaced two days later by Saunders.The decision has been made following confirmation of Wolves' relegation to npower League One. Assistant manager Brian Carey will also be leaving the club.Wolves owner Steve Morgan sacked Mick McCarthy, who had spent five and a half years in charge, in February last year with the club struggling at the bottom end of the Barclays Premier League.Wolves have now begun a recruitment process, which, in conjunction with the board, will be managed by head of football development and recruitment Kevin Thelwell.