Keane (right) had a strained relationship with McCarthy
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Wolves manager Mick McCarthy has made peace with Sunderland boss Roy Keane after their bust-up at the Republic of Ireland's 2002 World Cup training camp.
Keane was sent home just before the tournament after a furious row with McCarthy, who was the team manager.
McCarthy told Wolves' website he spoke to Keane about a possible transfer.
"You should speak to the manager direct so I picked up the phone. We both felt it was the right time to talk. It was a cordial conversation," said McCarthy.
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We've both got difficult enough jobs without others putting spanners in it
Wolves manager Mick McCarthy
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Keane's team travel to Molineux on 24 November, by which time Sunderland's Neill Collins could be playing for Wolves.
McCarthy signed the former Scotland U21 defender from Dumbarton in 2004 when he was boss at the Stadium of Light and is eager to be reunited with him.
"We chatted about the players and a couple of other things that will remain private," he said.
"It's been four years now and it should be put to bed. Life goes on. The only two people who weren't getting anything out of it were me and Roy.
"It's the media that drives it on and we've both got difficult enough jobs without others putting spanners in it."