The Republic of Ireland international is disappointed with the work effort of some of his team mates and has called for an improvement in the coming weeks
After being relegated from the Premier League last season, Stale Solbakken's side find themselves in 17th position in the Championship, having picked up just 31 points in 25 games and Foley says that the team must work harder if they are to achieve anything.
"When things aren't going the way they should be the least we should give is hard work and I don't think we did that through the team against Ipswich," he told wolves.co.uk.
"You are not always going to have your best days and Saturday certainly wasn't one of those but I put it down to not working hard as a team.
"If there are misplaced passes then fair enough but if you are not willing to track back and help each other then it's only going to end in one result."
He continued: "The fans are frustrated which is totally understandable – the lads are frustrated as well, everybody is frustrated.
"It’s not been a great year for Wolves. Last season and this season we are not where we want to be but we have had a talk in there.
"There are still 22 games left and all to play for. We have got to buck our ideas up, start performing and get some points on the board," added Foley.
Wolves travel to Selhurst Park on Tuesday January 1 where they will take on fourth-placed Crystal Palace.