Writer: Akela 
Date:Thursday February 23 2012
Time: 12:46PM
Walter Smith has turned down the chance to manage Wolves according to reports.
The confirmation that Wolverhampton Wanderers had become the laughing stock of the Premier League came this afternoon when Walter Smith, who could have been the fifth person offered the position, turned down the advances of Wolves owner Steve Morgan.
Previous reports in the press have revealed that Walter Smith had actually been offered the job earlier this week, but previously turned it down.
It would seem he stands by his decision after turning his back on Wolves for a second time.
With Alan Curbishley also rejected Wolves offers on two occasions, the Wolves boardroom would now appear to be in state of panic, with candidates falling everywhere they turn.
Steve Bruce remains a contender, he has relocated to the Midlands, but has reportedly turned down at least one offer and is thought to be growing impatient.
Neil Warnock and Brian McDermott were also interviewed for the role, but Warnock decided to take the Leeds job and McDermott signed a new contract with Reading.
While Wolves didn't even get the chance to speak to Brighton boss Gus Poyet, but his remarks in the press also lead you to believe that he wouldn't have swapped Brighton for Wolves.
Vital Wolves Comment: Steve Bruce is once again the favourite with the bookies after Walter Smith pulled out of the race.
Terry Connor is now as short as 4/1 with Ladbrokes.
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