Wolverhampton Wanderers Football Club ( / ˌ w ʊ l v ər ˈ h æ m p t ən / ⓘ WUUL -vər- HAMP -tən ), commonly referred to as Wolves , [ 1 ] is a professional football club based in Wolverhampton , England. The club competes in the EFL Championship , the second tier of English football , following relegation from the Premier League in the 2025-26 season . The club has played at Molineux Stadium since moving from Dudley Road in 1889. The club's traditional kit consists of old gold shirts and socks with black shorts. Since 1979, the kit has also featured the club's "wolf's head" logo. Long-standing rivalries exist with other clubs from the West Midlands , including Aston Villa , Stoke City , and Birmingham City but the main one being the Black Country derby contested with West Bromwich Albion . Since 2016, the club has been owned by the Chinese conglomerate Fosun International .