Smith was asked to take over as Wolves boss on a 13-game contract until the end of the season. Smith had previously rejected a full-time offer from the club.
Smith told the Express and Star: “It’s true I’m not going (to Wolves).
“I was totally unsure whether I really wanted to do it or not. It was a purely personal thing, nothing to do with Wolves.
“I know Jez Moxey (Wolves chief executive) and knew I was more of a fall-back than anything. We didn’t even get as far as discussing money.
“There was never a face-to-face meeting and we never discussed finance. If someone asks you, you’re pleased to be asked, but the longer you think about it, you start to ask yourself whether it was right.”
