Mick McCarthy is aiming to turn Wolves into a top ten Premier League outfit in the next five years.
McCarthy, 52, has been in charge of Wolves for five years and is the eighth longest-serving manager in the country but has now targeted a top-half finish with his side.
"I would still like to be sat here in five years' time," he said. "But with us as a solid team performing in the Premier League - a top 10 club and upwards. Is that a possibility with a new stadium that's being built and, potentially, a new training ground for the academy?
"It would be great to be a part of that if I'm still here and we're still a Premier League club - that's got to be the aim."
Wolves have recently completed the signings of Jamie O'Hara and Roger Johnson, but McCarthy is believed to be keen to continue to strengthen his squad.