McDermott had emerged as Wolves chairman Steve Morgan's top choice to replace Mick McCarthy, who was sacked earlier this month.
Royals owner Anton Zingarevich, however, has refused to allow the Premier League strugglers to speak to McDermott, according to The Sun.
Wolves face Newcastle United in the Premier League on Saturday afternoon.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Birmingham CityBirmingham | 23 | 16 | 5 | 2 | 41 | 17 | 24 | 53 |
| 2 | Wycombe WanderersWycombe | 25 | 15 | 6 | 4 | 50 | 27 | 23 | 51 |
| 3 | Wrexham | 25 | 15 | 6 | 4 | 37 | 18 | 19 | 51 |
| 4 | Huddersfield TownHuddersfield | 24 | 14 | 5 | 5 | 37 | 19 | 18 | 47 |
| 5 | Barnsley | 25 | 12 | 6 | 7 | 39 | 33 | 6 | 42 |
| 6 | Reading | 24 | 12 | 5 | 7 | 39 | 33 | 6 | 41 |
| 7 | Stockport CountyStockport | 25 | 10 | 8 | 7 | 37 | 27 | 10 | 38 |
| 8 | Leyton Orient | 24 | 11 | 4 | 9 | 32 | 22 | 10 | 37 |
| 9 | Mansfield TownMansfield | 23 | 11 | 4 | 8 | 31 | 26 | 5 | 37 |
| 10 | Bolton WanderersBolton | 23 | 11 | 4 | 8 | 35 | 34 | 1 | 37 |
| 11 | Charlton AthleticCharlton | 23 | 9 | 7 | 7 | 27 | 21 | 6 | 34 |
| 12 | Lincoln CityLincoln | 25 | 8 | 8 | 9 | 28 | 30 | -2 | 32 |
| 13 | Stevenage | 23 | 8 | 7 | 8 | 18 | 20 | -2 | 31 |
| 14 | Exeter CityExeter | 24 | 9 | 4 | 11 | 28 | 31 | -3 | 31 |
| 15 | Blackpool | 24 | 7 | 9 | 8 | 32 | 35 | -3 | 30 |
| 16 | Rotherham UnitedRotherham | 23 | 7 | 7 | 9 | 21 | 23 | -2 | 28 |
| 17 | Wigan AthleticWigan | 23 | 7 | 6 | 10 | 21 | 23 | -2 | 27 |
| 18 | Northampton TownNorthampton | 25 | 6 | 8 | 11 | 24 | 39 | -15 | 26 |
| 19 | Peterborough UnitedPeterborough | 24 | 7 | 4 | 13 | 41 | 46 | -5 | 25 |
| 20 | Bristol Rovers | 24 | 7 | 4 | 13 | 22 | 38 | -16 | 25 |
| 21 | Crawley TownCrawley | 23 | 5 | 5 | 13 | 24 | 43 | -19 | 20 |
| 22 | Shrewsbury TownShrewsbury | 24 | 4 | 5 | 15 | 24 | 44 | -20 | 17 |
| 23 | Cambridge UnitedCambridge | 24 | 4 | 5 | 15 | 22 | 43 | -21 | 17 |
| 24 | Burton Albion | 24 | 2 | 8 | 14 | 20 | 38 | -18 | 14 |
| > League One Full Table | |||||||||
