Bolton Wanderers have reportedly outlined a move for Graeme Souness to become the club's new manager.

The Championship outfit are searching for a new coach following the dismissal of Owen Coyle earlier this month.

It is believed that the 59-year-old Scotsman and former Liverpool midfielder has been targeted as a possible contender to move to the Reebok Stadium, according to the Manchester Evening News.

Reports have claimed that former Wolverhampton Wanderers boss Mick McCarthy is also in the running for the vacant position.