Claude Puel's team came out on top when these teams met at King Power Stadium in the Premier League last month, but Nuno Espirito Santo's side will fancy their chances of taking revenge on the Foxes on this occasion.
Wolves are unbeaten in three matches at home so far this season and the hosts can be backed at 5/4 (2.25) with 888Sport to win inside 90 minutes, while the same firm go 23/10 (3.30) that the game remains level at the end of 90 minutes.
The Foxes are chalked up as a 43/20 (2.15) chance to claim their second victory of the season over Santo's newly-promoted side.
Both sides are expected to ring the changes with Premier League points taking priority over League Cup progression , so Adama Traore, Leo Bonatini and Leander Dendoncker are amongst the likely starters for Wolves.
Jamie Vardy, Kasper Schmeichel and James Maddison may all be rested. Kelechi Iheanacho will hope to spearhead the Foxes' attack, while Danny Ward and Shinji Okazaki could also come in for the visitors.
Visitors' fine record
Leicester are unbeaten inside 90 minutes in their last 11 League Cup matches away from home, scoring at least four goals in six of their last seven away wins in this competition and 888Sport go 15/8 (2.88) that Puel's team score more than one goal.
Wolves, though, have kept a clean sheet in each of their last five League Cup ties and the men from Molineux have conceded just one goal in their last four matches in all competitions.
Neither side is likely to be anywhere near full-strength, but there is still plenty of potential for an exciting League Cup clash when these teams meet.
The 49/50 (1.95) quote from 888Sport, therefore, for at least three goals to be scored may represent real value for punters ahead of Tuesday's tussle.