The Molineux outfit are struggling in the Championship and could be facing consecutive relegations, with the 60-year-old offering to leave if fans do not want him
The club’s fans are set to hold a protest before their home game against Watford on Friday as the club have slipped into the bottom three in the Championship, on the verge of back-to-back relegations.
And Morgan, who has pumped £73 million on players during his five-and-a-half years in charge at Molineux, insists he is still fully committed to the cause but will obey the fans’ wishes and leave should they protest.
Morgan told a meeting between fans and club officials: "If you want me to go, I'll go.
"If they want to drive me out of the club I will go. If it gets to the point where I feel I am not wanted I will go, simple as that.
"But, if that day comes, it won't be for the want of trying or effort."
The 60-year-old made his fortune in property before buying Wolves in 2007, seeing the club promoted to the top-flight under Mick McCarthy before last season's relegation.
"The last 18 months have been crap," he added. "But do I regret coming here? No. Is the job too much for me? No. What's my exit plan? I don't have one.
"I am fully committed to this football club and I want exactly the same as you [the fans] want. I am not here for any other reason than to try and make the club successful.
"I am pouring money in and we are losing £6.5m this year and you don't want to see the budget for next year. We have players on big salaries and we are going to lose an absolute fortune.
"It couldn’t make me any more p***** off than I am.
“I wish I could put a shirt on and get out there because there wouldn’t be anyone who would try harder than me. I’d be crap but I’d be trying hard.
“I don’t worry about my other businesses – this football club drives me to have sleepless nights.”