Edwards together with O'Neil both have past connections with Wolves
Rob Edwards and O'Neil represent the initial candidates under consideration to succeed the former manager as manager of Wolverhampton Wanderers.
Pereira was sacked on the weekend after the squad's 10-match winless beginning to the Premier League season.
Furthermore Edwards and O'Neil - both of who have previous associations to the club - are among the options to be evaluated by the Wolves leadership.
Edwards is presently at another club, which would pose a possible hurdle to his hiring at Wolves' stadium.
Nevertheless the ex- Luton manager - who made over a century of games for Wolves during his playing career - is said to be a strong candidate for the position.
The mid-career manager is said to have support from the club board as they start the process of hiring a new manager.
Gary O'Neil is additionally appearing as a surprise candidate, even though he would be a shock appointment given he was released by the club in December last year.
The former West Ham United midfielder is currently unemployed meaning the club would not need to pay any buyout fee.
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Eddie Smith
Eddie Smith
Eddie Smith
Eddie Smith