The midlands club are continuing their search for Mick McCarthy's successor after having to write off hopes of securing either Alan Curbishley or Brian McDermott in the role.
Former Charlton and West Ham boss Curbishley knocked back Wolves' approach for a second time while McDermott has signed a new three-and-a-half-year contract with Reading.
Bruce was maintaining late on Wednesday evening that he had not spoken to either Wolves owner Steve Morgan or chief executive Jez Moxey since his initial interview on Friday. But it is believed that the former Sunderland, Birmingham and Wigan boss is still under consideration from the Wolves hierarchy.
Bruce, who has relocated back to the midlands, remains keen on the role even though he has been exasperated at the lack of contact during the past five days. He has also received a negative reaction from some sections of Wolves fans over his possible appointment.
Morgan and Moxey are intending to speak to other potential suitors although it is likely now caretaker boss Terry Connor will be in charge of Saturday's game at Newcastle.
The likes of Blackpool's Ian Holloway, Birmingham's Chris Hughton and former Sunderland and Ipswich boss Roy Keane have been linked with Wolves.
Gus Poyet revealed on Wednesday Wolves had approached Brighton to secure his services but insisted he "never had a decision to make". Wolves have previously denied reports they have made an approach for Poyet who, though, spoke after his side's 0-0 draw at Hull.
He said: "There was an approach but it came and went. I didn't have any decisions to make, anything to think about. I was not involved at all. It was not difficult for me, I was not involved at any time."
Source: PA
Source: PA