Paul Ince is ready to step into management and take over the vacant hot-seat at Wolves.
Although Ince has yet to agree a new playing contract, agent Steve Kutner said: 'Paul would be interested in succeeding Hoddle.
'Paul would be honoured to be considered as the club's new boss. He's taking his UEFA coaching badges and definitely wants the job.'
Ince, though, will face strong competition from Hoddle's former assistant Stuart Gray, who once had a spell in charge of Southampton in 2001.
'There's a big job to be done here, and I would like the opportunity,' said Gray.
'I relish the challenge of trying to get Wolves back in the Premiership and I think I can bring the stability the club needs at this time.'