Wolves were last relegated from the Premier League during the 2011-12 campaign. It took them six seasons before they returned to England's top flight. Interim executive Nathan Shi has stressed the club will respond with conviction after a troubling campaign.
"Confirmation of our relegation is a difficult moment for everyone connected to Wolves," he said in a statement. "While this is a deeply disappointing outcome, work has been underway since my arrival in December to ensure we are ready to respond with clarity and conviction.
"We are clear on what needs to improve, and our focus is now on strengthening the club, building momentum, and creating a team our supporters can believe in. We know what is required and will approach the months ahead with purpose.
"You deserve better, and giving you a club you can genuinely be proud of is what drives everything we do from this point forward."