Gary O'Neil will remain as Wolves head coach for their game against Ipswich and will retain the full support of the Wolves board.
Wolves want O'Neil to be responsible for the future and will continue to support him and his staff with the aim of improving results in the future.
The club are also aiming to strengthen the squad in the January transfer window to support O'Neil, where they will try to address the imbalance in the squad, with additional defense among the priorities.
Wolves believe they can successfully manage their difficult run of results with O'Neil in charge despite Monday night's defeat at West Ham representing their third straight defeat and 10th in 15 Premier League games League this season.
Wolves are currently 19th and in the relegation zone, with just nine points from 15 league games.
They have two big games coming up, with Ipswich visiting Molineux on Saturday followed by a clash with Leicester City at the King Power on December 22.
O'Neil signed a new four-year deal in the summer and is under contract until 2028.
O'Neill: The Premier League is ruthless
Wolves manager O'Neil defended his record at the club after the pressure mounted following the defeat at West Ham.
“The people above me are supportive,” said O'Neil, who joined the club in August 2023. Sky Sports after the game. “But of course the supporters want their football club to be successful.
“I understand them pointing the finger at me and it is my team and I have to take responsibility, but when I arrived at this football club they had only (41) points raised in the Premier League (previous season).
“Since that moment, we have been able to make £200m in player sales. We have sold a lot of players if you go back to Ruben Neves, Joao Moutinho, Daniel Podence, Adama Traore, Raul Jimenez, Diego Costa, Pedro Neto and Max Kilman.
“And then we are no longer buying in that market, we are looking for the others that are for the future that will help us in the future.
“As we are finding out in the Premier League, it is a ruthless league. The group is doing everything we can to go up quickly. But I am very proud of them.
“I know we only have nine points and we are in a tough position in the league but they are giving everything. So I hope the supporters are still proud of the players even though they hate the situation we're in. they won. i hate it more than i do.
“We won't give up and we'll keep pushing. We've got a big game against Ipswich coming up. And we're hoping that a few of the little bits, our bits and the bits from the officials way.”
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