The Championship club have recently been the subject of a takeover.
While the takeover saga that has engulfed the club for much of the summer appears to now be at an end following Fosun International's buyout, the Express and Star claims that the speculation surrounding Jackett's future continues with the new owners reportedly looking to make their own appointment.
Wolverhampton Wanderers manager Kenny Jackett
The Express and Star reports that Bruce was in the running for the Molineux hot-seat four years ago, and after leaving Hull City on Friday, it appears that he could be considered once again.
Meanwhile, Martinez will also be on the club's radar if they decide to get rid of their current boss, the Express and Star reports. The Spaniard has been without a job since leaving Everton just before the end of last season.
With the Express and Star adding that Jackett does not plan to step down, the Wolves hierarchy will surely need to act quickly if they do want to make a change.
With two weeks to go until the opening day of the season, the club have so far made just one signing this summer, and their chances of bolstering their squad further will surely be harmed if they do decide to get rid of Jackett.