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 | Wrexham | 5 | 4 | 1 | 0 | 11 | 2 | 9 | 13 |
| 2 | Stockport CountyStockport | 4 | 3 | 1 | 0 | 8 | 1 | 7 | 10 |
| 3 | Barnsley | 5 | 3 | 1 | 1 | 10 | 6 | 4 | 10 |
| 4 | Birmingham CityBirmingham | 4 | 3 | 1 | 0 | 8 | 5 | 3 | 10 |
| 5 | Charlton AthleticCharlton | 5 | 3 | 1 | 1 | 5 | 3 | 2 | 10 |
| 6 | Lincoln CityLincoln | 4 | 3 | 0 | 1 | 9 | 5 | 4 | 9 |
| 7 | Huddersfield TownHuddersfield | 4 | 3 | 0 | 1 | 6 | 3 | 3 | 9 |
| 8 | Reading | 4 | 2 | 1 | 1 | 5 | 4 | 1 | 7 |
| 9 | Bristol Rovers | 5 | 2 | 1 | 2 | 4 | 4 | 0 | 7 |
| 10 | Exeter CityExeter | 4 | 2 | 0 | 2 | 5 | 4 | 1 | 6 |
| 11 | Peterborough UnitedPeterborough | 4 | 2 | 0 | 2 | 6 | 6 | 0 | 6 |
| 12 | Crawley TownCrawley | 4 | 2 | 0 | 2 | 3 | 5 | -2 | 6 |
| 13 | Northampton TownNorthampton | 4 | 1 | 2 | 1 | 4 | 4 | 0 | 5 |
| 14 | Mansfield TownMansfield | 4 | 1 | 2 | 1 | 7 | 9 | -2 | 5 |
| 15 | Rotherham UnitedRotherham | 5 | 1 | 2 | 2 | 3 | 5 | -2 | 5 |
| 16 | Wycombe WanderersWycombe | 4 | 1 | 1 | 2 | 8 | 8 | 0 | 4 |
| 17 | Stevenage | 4 | 1 | 1 | 2 | 2 | 3 | -1 | 4 |
| 18 | Bolton WanderersBolton | 4 | 1 | 1 | 2 | 2 | 5 | -3 | 4 |
| 19 | Burton Albion | 4 | 0 | 3 | 1 | 5 | 6 | -1 | 3 |
| 20 | Wigan AthleticWigan | 4 | 1 | 0 | 3 | 2 | 5 | -3 | 3 |
| 21 | Shrewsbury TownShrewsbury | 5 | 1 | 0 | 4 | 4 | 9 | -5 | 3 |
| 22 | Blackpool | 4 | 0 | 2 | 2 | 7 | 11 | -4 | 2 |
| 23 | Cambridge UnitedCambridge | 4 | 0 | 1 | 3 | 4 | 9 | -5 | 1 |
| 24 | Leyton Orient | 4 | 0 | 0 | 4 | 2 | 8 | -6 | 0 |
| > League One Full Table | |||||||||
