Edwards together with O'Neil both have past links with Wolves
Edwards along with Gary O'Neil represent the early candidates in the frame to replace Vitor Pereira as manager of Wolverhampton Wanderers.
The previous coach was dismissed on Sunday following the team's ten-game without a victory beginning to the top-flight campaign.
Furthermore both candidates - both of who have historic associations to the club - are part of the options to be considered by the Wolves leadership.
The manager is presently at another club, which would create a possible obstacle to his hiring at Wolves' stadium.
Nevertheless the former Luton Town manager - who made over a century of appearances for Wolves during his time as a player - is said to be a leading contender for the position.
The mid-career manager is reportedly enjoys backing from the Wolves directors as they begin the process of hiring a new manager.
O'Neil is additionally emerging as a unexpected candidate, even though he would be a shock appointment considering he was sacked by the club in December last year.
The ex- West Ham United player is currently unemployed which means Wolves would not need to provide any compensation.