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Nick Mashiter
BBC Sport football news reporter

Wolves chairman Jeff Shi calling their situation a "challenging moment for the club" feels like an understatement.

Vitor Pereira is walking into a club needing to quickly repair the fractures which have become more visible this season.

Results cover over a multitude of problems and if teams are winning then any issues can fade into the background but Wolves' position and form this season has exacerbated the divide between ownership and supporters.

Fans are fed up with a club they view as in decline with owners Focus scaling back on the spending, the discontent during Saturday's 2-1 defeat to Ipswich - Gary O'Neil's final game in charge - evident.

On the pitch they could fall eight points behind Leicester with defeat at the King Power Stadium on Sunday and Pereira will need a fast start to heal the unity Molineux.

Image source, Reuters

Wolves paid about £825,000 in compensation to Vitor Pereira's former club, Saudi Pro League side Al-Shabab.

The Portuguese manager had been head coach at Al-Shabab since February.

They were four points above the relegation when he took charge but finished the season in eighth place.

Pereira signed an extension to his contract, until June 2025, at the end of the campaign.

He replaces Gary O'Neil, who was sacked on Sunday following Saturday's 2-1 defeat to Ipswich, which left Wolves second bottom of the Premier League.

Pereira's first game is the trip to Leicester on Sunday, with the Foxes 17th and five points clear of Wolves.

The Football News Show spoke with Wolves supporters after it was reported earlier this week that the club had agreed a deal with Vitor Pereira.

Click on the play icon to see what they had to say about the move, which comes after Sunday's sacking of previous manager Gary O'Neil.

Wolves

Vitor Pereira won two league titles with Porto in 2012 and 2013 before leading Olympiakos and Shanghai to championships in Greece and China.

A club statement by Wolves added: "Pereira brings a wealth of experience to the role at Molineux, having won league titles in Portugal, Greece and China."

Wolves

Vitor Pereira will take charge of his first Premier League match as Wolves manager at Leicester City on Sunday, the club has announced.

The 56-year-old Portuguese coach has agreed an 18-month contract after leaving his position as manager of Saudi Pro League side Al Shabab.

"Pereira has taken training at Compton Park for the first time on Thursday and will be in charge when Wolves travel to Leicester City this weekend," said a Wolves statement.

Wolves

Wolves' sporting director Matt Hobbs added: "Vitor is a highly experienced and accomplished head coach who has demonstrated his ability to succeed at the highest level. His personality, desire and leadership qualities stood out to us during this process, and we're excited to see how he applies his expertise here at Wolves.

"I'm looking forward to working closely with Vitor and his team on a daily basis, supporting them in every way possible - from getting the maximum out of our staff at Compton, to recruitment in the upcoming transfer window - as we work together to strengthen the squad and achieve our collective goals."

Wolves

Vitor Pereira takes charge of Wolves with the club second from bottom in the Premier League with nine points, five points from safety.

Wolves chairman Jeff Shi said: "Vitor is a highly respected and experienced coach who has achieved success across different leagues and will bring a new approach for the test ahead.

"This is a challenging moment for the club, and we want to thank Vitor for taking on this responsibility. We have full confidence in his ability to guide us back on track, alongside the players and staff, and the entire club will be united in supporting him to achieve success."

Wolves

Wolverhampton Wanderers have confirmed the appointment of former Porto coach Vítor Pereira on an 18-month contract.

More news to follow.

Chris Waddle
Former Newcastle & England winger on The Football Daily podcast

Marcus Rashford, we know is a talented footballer. He's 27, he's played a lot of football over the years, at arguably the biggest football club in the world. So if you want a challenge, don't you want to put Manchester United back on the map? I don't get that, there's no bigger club than Man United in my eyes, globally.

What I've got to say also, we've seen players over the years, undoubted talent - Real Madrid want him, Paris St-Germain want him, so and so want him. They are going to look at him and think 'why is he not consistent? Why does he have a great year and then a terrible year, an average year and then a good year?'

Image source, EPA

Former Manchester United captain Roy Keane believes a change could do Marcus Rashford the "world of good".

"I don't mind what he said, I think it's spot on," Keane said on the Stick to Football podcast. "Sometimes a deal just works for everybody.

"It's been going on for a year or two now, there's obviously a bit of talent in there, he's been at the club since he was a kid.

"A change would probably do him the world of good, for him and his team and his family. Just go and play, maybe go abroad or whatever it might be."

Image source, PA Media

Marcus Rashford has a contract with Manchester United until 2028 and has been linked with a variety of clubs, although head coach Ruben Amorim has said he is keen for the 27-year-old England forward to stay.

Ex-United midfielder Roy Keane told the Stick to Football podcast: "I always think if you lose that hunger, it is hard to get it back. Forget about the few bob he's earned over the years - and listen, good for him - but we know, the great players, it's nothing to do with that.

"It's about the next challenge, it's about your pride and Marcus just seems to have definitely lost his way. And if he's lost that real hunger - I know we've mentioned watches and all the stuff off the field - if he's a bit distracted by that, I think sometimes it's hard to get it back.

"I think there's a good chance he might get it back with a change of a club and scenery, a new country, a new league, whatever, but I don't think he'll get it back at United."

Chris Waddle
Former Tottenham & England winger on The Football Daily podcast

[Marcus Rashford has] got a challenge in front of him, where he could roll his sleeves up and say 'I'm going to become a Manchester United legend, I'm going to help this club get back to where they should be'.

That is a challenge. To say 'I need a new challenge', that's the easy way out for me.

The last two teams other than Manchester City, Manchester United, Liverpool and Chelsea to win the Carabao Cup were Swansea City (2013) and Birmingham City (2011).

The video assistant referee (VAR) system is not used in the earlier rounds of the Carabao Cup, but it will be used in the semi-finals and final.

• Click here for all you need to know about the Carabao Cup

The semi-final draw for the Carabao Cup will take place later today, after the conclusion of Tottenham's quarter-final tie with Manchester United (20:00 GMT).

The winner will join Arsenal, Liverpool and Newcastle United in the draw for the last four.

The semi-finals will take place over two legs, on the weeks commencing 6 January and 3 February.

Manchester United

Speaking on Wednesday, Manchester United head coach Ruben Amorim said the club are "better" with Marcus Rashford after the forward suggested he could leave Old Trafford.

Amorim suggested the club want the striker - who came through United's youth ranks - to stay, saying: "I don't talk about the future, we talk about the present.

"This kind of club needs big talent and he's a big talent, so he just needs to perform at the highest level and that is my focus. I just want to help Marcus."

Manchester United

Image source, Getty Images

Asked about Marcus Rashford's desire for a "new challenge", Manchester United's head coach Ruben Amorim said: "I think it's right. We have here a new challenge, it's a tough one.

"For me it's the biggest challenge in football because we are in a difficult situation and I already said this is one of the biggest clubs in the world. I really hope all my players are ready for this new challenge."

Amorim added the club will "try different things" to help Rashford find the "best levels he has shown in the past".

"Nothing has changed - we believe in Marcus," said Amorim. "It's hard to explain to you guys what I am going to do. I'm a little bit emotional so in the moment I will decide what to do.

"It's a hard situation to comment [on]. If I give a lot of importance it will have big headlines in the papers and if I say it's not a problem then my standards are getting low."