Wolves confirm striker Leigh Griffiths - on loan at Hibs - will be staying with the English club for a further 12 months.
Wolves are not offering new deals to out-of-contract players Sylvan Ebanks-Blake, Stephen Hunt and Christophe Berra.
Wolves centre-half Jody Craddock retires from playing, ending his 10-year spell at Molineux.
Ex-England boss Steve McClaren may be right for the managerial vacancy at Wolves, says former striker Peter Withe.
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Uncertainty over Leigh Griffiths' future is heightened by Wolves' relegation, says Hibs manager Pat Fenlon.
Crewe boss Steve Davis is not going to apply for the vacant head coach post at Wolves, reports BBC Radio Stoke.
Relegated Wolves are to follow the example of Premier League neighbours West Bromwich Albion by appointing a head coach.
Wolves club captain Karl Henry says their second successive relegation is "inexcusable.
Wolverhampton Wanderers sack manager Dean Saunders after 20 games in charge following the club's relegation to League One.
Wolves chairman Steve Morgan says that the club had "failed our supporters and the city" after their relegation to League One was confirmed.
Two goals from Kazenga LuaLua give Brighton victory and cement a second successive relegation for Wolves.
Dean Saunders wants to remain as Wolves manager even if they are relegated from the Championship to League One.
Burnley end lingering fears of relegation with a win at Molineux that leaves Wolves on the brink of the drop to League One.
Wolves winger Bakary Sako could return from the hamstring injury that looked set to have ruled him out for the season.
Wolves concede a last-minute goal as they are beaten by Charlton to drop back into the Championship's bottom three.
Wolves captain Kevin Doyle causes an upset as the Championship's second-bottom side beat second-placed Hull City.
Championship side Wolves will take up a one-year option on Leigh Griffiths before his contract expires in the summer.
Jermaine Beckford scores twice as Huddersfield come from behind to beat Wolves, who drop back into the relegation zone.
Wolves chief executive Jez Moxey insists that he is just as angry as his club's fans at the way this season has turned out.
Wolves suffer a further setback ahead of the Championship run-in, losing David Davis with an ankle injury.