Sunday's result meant Wolves had only won one game from their opening nine and had only managed to score three goals in that time. 

Lage took over from fellow Portuguese Bruno last summer after he departed for Tottenham, and led Wolves to a 10th place finish last season.

Despite spending heavily in the summer however Wolves now find themselves in the bottom three and Chairman Jeff Shi made the decision to part ways with the manager.

"Bruno is an excellent coach, a hardworking and dedicated manager, and a warm, wise and honest man," said Shi.

"He and his staff have been a pleasure to work with throughout their time at Wolves, so it is with much sadness that we have had to make what has been a difficult decision.

"I honestly have no doubts about Bruno's ability and I'm sure he will succeed elsewhere, however the team's form and performances over the last few months mean that we have no choice but to act."