The City skipper, who did not play in the Sky Blues FA Cup win over Crystal Palace yesterday, was linked with becoming a player-manager to replace Chris Hutchins in the Saddlers hot-seat with a Wolverhampton based newspaper.
It is still not clear if Carsley has actually applied for the job which the Wolverhampton Express & Star linked him with on Thursday, but speculation continues despite Carsley saying at the club's weekly press conference that he wants to be part of a City team which gets promoted.
Dean Smith is the caretaker manager until a decision is made by the Walsall Board.
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