After Mick McCarthy was sacked in February Bruce was the frontrunner to take over at Molineux, but reports emerged in the press that he turned down the chance to move to the relegation-threatened side.
However, the former Sunderland boss has confessed that he thought the job was his, only to see it slip through his fingers.
“When I left the conversation on Thursday, by all intents and purposes, it was to have another conversation on the Friday,” he told Mirror Football.
“I said to my good lady I thought I was back to work. Unfortunately, it didn’t happen.
“I’m disappointed. I was close, but it wasn’t to be. It’s their prerogative,” he admitted.
Wolves instead opted to promote assistant manager Terry Connor, which has backfired on them, and Bruce believes that the new man will see new challenges in leading the team.
“When Terry made the first team-talk, he would have realised there’s nothing like being No.1.
“As a No.2, you don’t need to make horrible decisions, like leaving players out,” he concluded.
By Gareth McKnight