Wolves could hire O'Neil as their new manager if Lopetegui leaves the club

Lopetegui left Sevilla and took charge at Molineux in November following the dismissal of Bruno Lage.

However, his future at Wolves is hanging in the balance after the Spaniard publicly criticised their lack of summer spending.

They have raised around £91million funds through player sales this summer, with Ruben Neves and Nathan Collins two notable departures.

Matheus Cunha, Boubacar Traore, Matt Doherty and Tom King have all arrived ahead of the new campaign.

Wolves managed to finish 13th and seven points clear of the relegation zone last term.

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Despite this, they could turn to former Bournemouth boss O'Neil if they opt to make a managerial change.

He was sacked by the Cherries earlier in the summer despite keeping them in the Premier League last season.

O'Neil spent the majority of the campaign at the helm after Scott Parker's departure.

A brilliant run of seven wins from nine games during the latter stages of the season kept them up, which included victories over Liverpool and Tottenham.

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However, O'Neill is yet to seal a return to management this summer after he left the south coast side.

Brighton and Liverpool are two other tough opponents during their first five fixtures, with reigning champions Manchester City welcoming them at the end of September.