Gary O'Neil will remain the Wolves head coach for their match against Ipswich and retains the full backing of the Wolves board.
Wolves want O'Neil to be in charge for the foreseeable future and will continue to support him and his staff with the aim of improving results going forward.
The club are also focused on reinforcing the squad in the January transfer window to support O'Neil, where they will look to address imbalances in the squad, with defensive additions among the priorities.
Wolves believe they can successfully navigate their tough run of results with O'Neil in charge despite Monday night's defeat at West Ham representing their third straight loss and their 10th in 15 Premier League matches this season.
Wolves are currently 19th and in the relegation zone, with just nine points from 15 league games.
They have two huge games coming up, with Ipswich the visitors to Molineux on Saturday followed by a showdown with Leicester City at the King Power on the December 22.
O'Neil signed a new four-year contract in the summer and is under contract until 2028.
O'Neil: Premier League is ruthless
Wolves manager O'Neil defended his record at the club after the pressure ramped up following the defeat at West Ham.
"The people above me are supportive," O'Neil, who joined the club in August 2023, told 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's my team and I have to take responsibility, but when I arrived at this football club they had picked up just [41] points in the Premier League (the previous season).
"Since that moment, we have managed to make £200m in player sales. We have sold an awful 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're not now shopping in that market, we're looking for the other ones who are for the future that can help us in the now.
"As we're finding in the Premier League, it's a ruthless league. The group are doing everything we can to get up to speed. But I'm really proud of them.
"I know we have only nine points and we're in a tough spot in the league but they're giving everything. So I hope the supporters are still proud from the players even though they hate the position we're in. They won't hate it more than me. I'm right there with them, whether they know it or not.
"We won't give up and we'll keep pushing. A big game against Ipswich is coming. And hopefully a few of the little bits, our bits, the bits from the officials go our way."
