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Edwards and Gary O'Neil both have previous connections with the club
Edwards along with O'Neil are two of the early names in the frame to succeed Vitor Pereira as manager of Wolverhampton Wanderers.
The previous coach was dismissed on the weekend after the squad's 10-match without a victory start to the top-flight campaign.
And Edwards and O'Neil - each of whom have historic links to the team - are among the options to be considered by the club leadership.
Edwards is presently at Middlesbrough, which would pose a potential hurdle to his hiring at Molineux.
Nevertheless the ex- Luton Town head coach - who made more than 100 of games for the club during his time as a player - is said to be a leading candidate for the vacancy.
The mid-career manager is reportedly enjoys backing from the club board as they start the search of hiring a new manager.
Gary O'Neil is also emerging as a surprise contender, although he would be a surprising choice considering he was released by Wolves in the previous winter.
The former West Ham United player is currently unemployed meaning the club would not be required to provide any buyout fee.
Elara is an experienced HR strategist with a passion for connecting companies with exceptional talent worldwide.