Sources close to the situation say Edwards was willing to complete all the duties he has been removed from, with Middlesbrough taking the decisions regarding Friday’s training session and news conference and Saturday’s match.
Middlesbrough are believed to have been angered by Wolves’ approach and Edwards’ openness to taking the job.
It is understood Edwards views the Wolves job as his dream role, having made more than 100 appearances for the Molineux side between 2004 and 2008.
He grew up in nearby Telford and still has family in the area, though the logistics of any move to Wolves are not said to be a key factor.