Wolves chief executive Jez Moxey has said that the search for a new manager to replace Mick McCarthy is going well.

Wolves recently sacked manager Mick McCarthy after a string of poor results meant that the club have no other option than to sack him in order to provide themselves with an opportunity of staying in the Premier league next season.

Mick McCarthy has been extremely successful during his 5 1/2 years with Wolves. He has been not only able to guide the team to the Premier league, but has also kept them in the first division so far without any major hiccups.

However, fans have been demanding a change in the last few months, and the demands have intensified over the last few weeks after a string of poor results have left Wolves just clear of relegation zone on goal difference.

Further, the 5-1 defeat at the hands of West Brom during the weekend also made it extremely difficult for Mick McCarthy to continue with the increasing fans animosity. Finally, the decision was made by the Wolves to sack the manager. Now, they are in search of a manager who can take them for the rest of the season and keep them in the Premier league next season.

"We said right from the start we would not be drawn on speculation about individual candidates. We're about halfway through the process, it's going well. We've seen some very good candidates, we've got some more candidates to see and we've got second interviews. We're looking forward to getting through the next," Wolves chief executive Jez Moxey said in a recent interview given to Skysports.

Wolves will be travelling to Newcastle United next weekend hoping to get at least a draw, which will help them keep afloat in the table before the appointment of a new manager.