Wolves are facing a battle to secure Reading's Brian McDermott as their new manager with the Royals poised to offer him a new lucrative contract, Press Association Sport understands.

McDermott had been earmarked by Wolves owner Steve Morgan and chief executive Jez Moxey as a leading candidate to replace the sacked Mick McCarthy, but Reading's new prospective owner, Russian billionaire Anton Zingarevich, is understood to want to keep hold of McDermott if at all possible via a new long-term deal.

McDermott is currently only on a one-year rolling contract, which is part of the appeal to Wolves as he would only cost them around £500,000 in compensation should he opt to leave Reading.

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