The hosts took the lead midway through the first half when Louckmane Ouedraogo capitalised on some slack defending to hit a low drive past goalkeeper Jon Flatt.
However, Wolves got themselves level with 32 minutes on the clock as Michael Jacobs got in front of his man to head home Conor Coady's whipped cross.
Kenny Jackett's side then made it 2-1 on the stroke of half time when Benik Afobe showed quick reactions inside the box to convert the loose ball after Rajiv van La Parra's shot deflected off Nouha Dicko.
