Source: Packers executive Wolf withdraws from 49ers' GM race

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Executive Eliot Wolf has agreed to a new contract to remain with the Green Bay Packers and has pulled out of the running to become the 49ers’ next general manager, a league source confirmed.

Wolf’s decision to remain with the Packers, as first reported by USA Today’s Tom Pelissero, leaves the 49ers with three known candidates for the job to replace Trent Baalke as general manager.

The 49ers this week informed a handful of candidates they would not be given second interviews for the position. Wolf and Brian Gutekunst, also of Green Bay, George Paton of Minnesota and Arizona’s Terry McDonough remain under consideration for the job after the initial list was pared down.

The 49ers are expected to involve presumptive coach Kyle Shanahan in the process to name the next general manager. Shanahan, Atlanta's offensive coordintor, is prohibited from officially becoming the 49ers' next head coach until after the Falcons' season is over. The Falcons play the Packers on Sunday in the NFC Championship Game.

Wolf, 32, is in his first season as Green Bay’s director of football operations after receiving a promotion after being denied an opportunity to interview with the Detroit Lions last year. Wolf is widely considered the heir apparent to Packers general manager Ted Thompson.

The 49ers interviewed Wolf on Jan. 5, along with Gutekunst, the Packers’ director of player personnel. Wolf is the son Hall of Fame executive Ron Wolf.

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