Fosun International completed a deal for Wolves on Thursday.
Jackett's future at Wolves is in doubt
Thursday saw Chinese consortium Fosun International complete their takeover of the club, in a deal worth around £45 million.
Jackett's position has been the subject of increasing speculation in recent weeks, with the Express and Star previously claiming he was to be replaced by Porto boss Julien Lopetegui once the Chinese deal had been finalised.
But in a surprise move, Lopetegui was confirmed as the successor to departing Spain coach Vincente del Bosque.
With the takeover deal now completed, some substantial changes are being lined up at Molineux.
A statement released on the club's official website confirmed that former owner Steve Morgan, and chief executive Jez Moxey have both left the club, bringing an end to nine and 16 years of service respectively.
According to The Daily Star, those departures could leave Jackett without any allies inside the club, with new chairman Guo Guangchang understood to be eager on making a fresh start with his own appointment.