The 2014–15 season was the 116th season of competitive league football in the history of English football club Wolverhampton Wanderers. The club competed in the second tier of the English football system, the Football League Championship, following their return to the second level after being promoted as champions from League One at the first attempt.

The club finished the season in seventh position, missing out on a play-off place on goal difference. Their tally of 78 points represented the highest points tally not to earn a play-off place since the system was introduced.

Following their record-breaking promotion from League One, pre-season training began on 26 June with Wolves having already made two of their three summer signings with Tommy Rowe and Rajiv van La Parra arriving on free transfers; Chelsea academy graduate George Saville would join for a fee in late August but fail to make any impact before being loaned out. The transfer window saw deals reached to remove some of the club's transfer listed players from the wage bill with Tongo Doumbia, Jamie O’Hara and Stephen Ward all moving on.

The season began with a 1–0 win over newly relegated Norwich, which was soon followed by two further 1–0 wins against the other two teams to have fallen out of the Premier League, Fulham and Cardiff, respectively. The team lost just twice in their opening 15 league fixtures, bringing them a place in the top 4 of the division. However, a lengthy hamstring injury to striker Nouha Dicko left the team lacking attacking options, with Leon Clarke having scored just once. The loan acquisition of Hull striker Yannick Sagbo failed to solve the issue as the player's lack of fitness became apparent and the deal was cut short. A second Premier League striker was loaned in with Sunderland's Danny Graham then having a six-week stay but providing only one goal. During this time Wolves suffered five defeats in a row, their worst run at Championship level since 1991, dropping them into mid-table.

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