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Former Rangers and Scotland manager Walter Smith admitted that Wolves had made an approach for him earlier in the week. Wolves are currently looking for a new manager to replace Mick McCarthy.
"It was a purely personal thing, nothing to do with Wolves," Smith revealed.
"I know Jez Moxey [Wolves chief executive] and knew I was more of a fall-back than anything. We didn't even get as far as discussing money.
"There was never a face-to-face meeting and we never discussed finance.
"If someone asks you, you're pleased to be asked, but the longer you think about it, you start to ask yourself whether it was right."
Written by Samuel Turnbull
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