I do believe it's a sacking, I'll be honest. At best it's a "look, we don't think being wolves manager is best for you, we'll pay you off, please just go and be with your family and regain your happiness".
On reality, I think it's another demonstration of the absolute ruthlessness of Fosun. The performances (even relative to available talent) have been going down hill - even before covid. I can't believe they'll go for pragmatism again - hell, maybe it was part of plan all along, get up, stay up, stabalise, and then attack the big six.
Mutual consent never means mutual consent. I think that this is an active Fosun decision, but fuck me is it a risky one. I think it'd take Saunders levels of ineptitude to have us in any real danger, but given the playing staff evo/revolution that was needed...well, surely there's going to be financial investment in the new manager. Asking a new guy to come into what's already a small, tactically confused playing squad, and turn it around with a low net spend isn't ruthless, its braindead.