Wolves owner Steve Morgan has dropped a large hint that Mick McCarthy will remain as manager even if the club are relegated.
Former Liverpool shareholder Morgan, who took over the Midlands club in 2007, insists he will never give "the dreaded vote of confidence" to any manager.
But he has given his support to McCarthy and has stressed the need for stability rather than chopping and changing as has been the case at other clubs.
Morgan said: "You never give the dreaded vote of confidence but Mick has been here for five years and I don't believe you get any progress at all by chopping and changing.
"Chopping and changing has happened in other clubs and what good has it done them?
"I know Mick has made progress every year since I've been here.
"There are times in life when things don't go right but you've got to get back up and stand together and make sure you get it right next time.
"The fans have seen that, they've got behind the club and everyone benefits from it."
Morgan believes Wolves under McCarthy have progressed well since he replaced Glenn Hoddle as manager in July of 2006.
He said: "The team has made progress in all four years I've been here under Mick.
"The first year we missed the play-offs by one goal, the second year we were champions, the third year we established ourselves in the Premier League for the first time in the club's history.
"This year we are already two points ahead of last year despite being in a relegation fight still."