Edwards together with O'Neil each possess previous links with Wolves
Edwards along with O'Neil are two of the early candidates in the frame to replace the former manager as head coach of Wolverhampton Wanderers.
Pereira was dismissed on the weekend following the team's ten-game without a victory beginning to the Premier League campaign.
Furthermore Edwards and O'Neil - both of who have previous associations to the team - are among the names to be evaluated by the Wolves leadership.
The manager is currently at another club, which would create a potential obstacle to his appointment at Wolves' stadium.
Nevertheless the former Luton Town head coach - who made over a century of games for the club during his playing career - is said to be a leading candidate for the vacancy.
The mid-career manager is reportedly enjoys support from the club directors as they begin the search of appointing a new head coach.
Gary O'Neil is also appearing as a unexpected contender, even though he would be a surprising appointment considering he was released by the club in the previous winter.
The former West Ham midfielder is currently unemployed which means the club would not be required to pay any compensation.
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Margaret Crane
Margaret Crane
Margaret Crane
Margaret Crane
Margaret Crane