The convergence speed using the conventional approaches, viz., time-domain adaptive constrained and unconstrained LMS algorithms, becomes slowly, when dealing with the correlated source signals. In consequence, the performance of time delay estimation (TDE) will be degraded, dramatically. To improve this problem, the so-called transform-domain adaptive constrained filtering scheme, i.e., the adaptive constrained discrete-cosine-transform (DCT) LMS algorithm, has been proposed in [15]. However, the use of any one orthogonal transform will not result in a completely diagonal the input signal auto-correlation matrix for all types of input signals. In fact, the significant non-diagonal entries in the transform-domain auto-correlation matrix, will deteriorate the convergence performance of the algorithm. To further overcome the problem described above, in this thesis, a modified approach, referred as the adaptive constrained modified DCT-LMS (CMDCT-LMS) algorithm, is devised for TDE under a wide class of input processes. In addition, based on the orthogonal discrete wavelet transform (DWT), an adaptive constrained modified DMT-LMS (CMDWT-LMS) algorithm is also devised and applied to the problem of TDE. We show that the proposed two modified constrained approaches for TDE does perform well than the unmodified approaches under different source signal models. Moreover, the adaptive CMDCT-LMS filtering algorithm does perform slightly better than the adaptive CMDWT-LMS filtering algorithm as observed from the simulation results.