A dinner at Molineux on January 17 2013 will mark the formal inductions, with another announcement to follow as early as next week.
Major Buckley is one of the most famous managers in Wolves history, immortalised as he is for grooming talented young players and moulding them into a formidable side.
Had it not been for the intervention of the Second World War, greatness might have come earlier than it did. Under his leadership, Wolves were runners-up in both the League Championship and FA Cup in 1938-39. The previous year, they were second to Arsenal in the race for the title.
Surprisingly, he resigned in 1944 and didn’t get chance to build on the impetus that was maintained with the club’s Wartime League Cup triumph.
Buckley, a Mancunian born in 1883, failed to make the grade with Aston Villa but had spells with a series of clubs including Brighton, Manchester United, Manchester City and Birmingham before achieving recognition in other fields.
First, he became a Commanding Officer in the First World War, having also served in the Boer War, then moved into management after the hostilities, initially with Norwich and then Blackpool.
He was appointed by Wolves in 1927 and oversaw five years in the Second Division before leading the club to the championship and promotion back to the top flight following an absence of 26 years.
The Major, so called because of his wartime heroics, died in 1964.
Wolves’ 3-2 win over Honved ten years earlier is one of the most talked about games in Molineux history.
With floodlit football in its infancy and the English game on the back foot following comprehensive home and away defeats against Hungary at international level, Stan Cullis’ men became the talk of the nation as they hit back from two goals down to beat the Magyars.
A penalty by Johnny Hancocks just after half-time and a brace from Roy Swinbourne turned the tide and thrilled not only a packed Molineux but also a live nationwide TV audience.
The match night attendance sums up just what the occasion meant. The crowd of 54,998 was almost 11,000 higher than the turn-out for when Wolves had beaten Tottenham eight months earlier to win the League Championship for the first time.
Hall of Fame inductees are chosen by a committee made up of club officials and historians, the Wolves Former Players Association, and media and supporter representatives.
Three more chosen men will be announced on www.wolves.co.uk next week.