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But Wolves drew level in the 66th minute when Daniel Podence cleverly created space for himself in the box and then drove a slightly deflected shot past keeper Edouard Mendy.
Wolverhampton Wanderers’ Pedro Neto struck a stoppage-time winner as they came from behind to beat Chelsea 2-1 in the Premier League on Tuesday.
Olivier Giroud had fired Chelsea ahead at Molineux in the 49th minute, meeting a Ben Chilwell cross with a superb first-time strike at the near post.
But Wolves drew level in the 66th minute when Daniel Podence cleverly created space for himself in the box and then drove a slightly deflected shot past keeper Edouard Mendy.
Wolves were then awarded a penalty, 10 minutes from the end, when Pedro Neto went down inside the box as he was approached by Reece James but the decision was overturned after a VAR review showed there had been no contact.
But Neto was to decide the encounter late in added time when he finished off a counter-attack, running at the Chelsea defence before drilling the ball into the bottom corner.
Chelsea, who have now lost successive games, remain fifth on 22 points from 13 games, three behind leaders Tottenham Hotspur and Liverpool who meet at Anfield on Wednesday.
Wolves move up to ninth place on 20 points.