The Eagles’ celebrations were cut short as Wolves responded a minute later. A floated ball into the box from Farmer picked out Fraser who headed in from inside the six-yard box.
Efforts came and went as the game trickled towards the final few moments. Grehan headed over from inside the box after a looping throw, while Izquierdo did well to stop an Ethan McLeod shot from distance.
For the second game in a row, new signing Devenny rattled the crossbar with a well-struck effort. Immediately after hitting the woodwork, Palace were on the back foot as Wolves countered.
Izquierdo did incredibly well to deny McLeod once more and to deny a follow-up effort from Ashworth on the Wolves counter, keeping the deficit to two.
In the third minute of 10 added on, Ademola Ola-Adebomi notched his first of the season. The Palace No. 9 did well to control Imray’s driven ball across the box, turning and shooting with one touch.
It wasn’t to be for the Eagles, despite their best efforts late on. Defeat to Wolves sees Palace reside in 20th place in the new-look Premier League 2, four places off the play-offs.
Wolves: Young (GK), Kaleta, Keto-Diyawa (Voice, 87), Rees (Harper, 74), Kandola, Hubner, Birtwistle, Ashworth (Reynolds, 86), Fraser, Hesketh, Farmer (McLeod, 77).
Sub not used: Arinbjornsson (GK).
Palace: Izquierdo (GK), Imray, Sheridan, Grehan, Francis, Watson (Umeh, 67), Devenny, Wells-Morrison, Akinwale (Mathurin, 77), Ola-Adebomi, Ebiowei (Raymond, 61).
Subs not used: Trialist (GK), Eze.