Wolves fail in bid to lure McDermott

Reading manager Brian McDermott has ended speculation linking him with Wolves after signing a new contract which will keep him at the Madejski Stadium until 2015.

Former Charlton and West Ham boss Alan Curbishley rejected the chance to replace Mick McCarthy at Molineux opening the door for the Premier League club to approach McDermott and Brighton boss Gus Poyet.

But McDermott signing a new deal, and a reported £2m compensation fee for Poyet leaves Wolves struggling to make an appointment in time for Saturday’s league game against Newcastle.

Steve Bruce has also been interviewed by Wolves owner Steve Morgan and chief executive Jex Moxey but is yet to be offered the job.

Reading chairman Sir John Madejski labelled McDermott’s decision to pledge his future to the Championship club as a very important day for the Royals.

"I am absolutely delighted that Brian has signed and this is a very, very important day for our club," he said. "Everybody knows how highly we rate him and he has more than repaid the faith we showed when we appointed him. He is a top manager.

"In the space of two years he has not only taken us to the play-off final and to two quarter finals of the FA Cup, he has done so in a manner befitting Reading Football Club. He is extremely well respected by the staff, players and of course the supporters and I know this news will be very well received by our fans.

"From day one both myself and Anton wanted to secure Brian's services as it was only a matter of time before he was mentioned in connection with other clubs. These processes take time and we have today come to a fantastic agreement that puts our club on an even more secure footing going forward.

"With the team doing so well at the moment, it is truly a very exciting time to be a Reading fan and I for one cannot wait for the rest of the season."