Chelsea 4 (Malouda 5, Essien 12, 22, J. Cole 56)
After going three down in the first 22 minutes, it was always going to be a case of damage limitation for Wolves and although they only conceded one more goal, the Molineux men were run ragged by leaders Chelsea in a one sided contest.
Andy Surman made his Premier League debut whilst Greg Halford and Matt Jarvis returned to the starting line-up with Nenad Milijaš, Ronald Zubar and Kevin Doyle missing from the team that had lost to Arsenal.
The first chance fell to Sylvan Ebanks-Blake whose shot was blocked by Alex after Jarvis had delivered a low cross from the right.
But Chelsea swept straight upfield to take a fifth minute lead through Florent Molouda who hammered a 25-yard shot into the top corner.
From a Juliano Belletti cross Joe Cole wasn't far away from a second with a glancing header but the respite for Wanderers was brief as Chelsea went two up in the 12th minute with Michael Essien powerfully heading home from Malouda's corner.
David Edwards slipped and lost possession when he had a shooting chance and, at the other end, Saloman Kalou shot over the bar from a good position.
Any faint hopes of a comeback for Wolves were eclipsed in the 22nd minute as Malouda again set up Essien who beat Wayne Hennessey with a low shot from 25-yards that appeared to bobble right in front of the Welsh keeper.
Halford fired over the bar after a Surman corner had dropped into his path, but there was another chance for the home side after Segundo Castillo had fouled Ashley Cole just outside the visitors area. Malouda touched the free-kick to Alex who took aim but the wall did its job and the ball bounced clear off it.
Richard Stearman beat two men on a run down the left side before he slipped the ball inside to Ebanks-Blake who in turn fed Jarvis. The winger lifted over a cross that was inches in front of Stearman who had continued his run.
Ebanks-Blake looked odds on to pull one back when he got his head to a Jarvis centre but Pert Cech made a tremendous save to keep the ball out.
Just before the break Hennessey had to dive low to claim an angled shot from Malouda.
Half-Time: Chelsea 3 Wolves 0
The Wolves keeper was soon back in the thick of things after the restart saving at Belletti's feet before Malouda stumbled as he burst through on goal allowing Halford to clear at the expense of a corner.
Eight minutes into the half Mick McCarthy replaced Castillo with Michael Kightly who could do nothing as Joe Cole shot into the bottom right-hand corner for Chelsea's fourth goal after Kalou had teed the ball up for him.
Home substitute Gael Kakuta drilled an angled shot into the side netting before a second Wolves change saw Andy Keogh replacing Ebanks-Blake.
Essien almost completed his hat-trick in the 63rd minute with Hennessey making a fine save to turn his long-range drive onto the bar.
Two minutes later Essien was close once more this time with a low effort that flew a couple of inches past the post and skimmed the side netting.
Ashley Cole hit a low centre that went straight through the heart of the Wolves goalmouth with no-one able to get a touch, and Jarvis saw his cross-shot cleared from in front of the line by John Terry as Wanderers went in search of a consolation goal.
In the dying minutes, in between bookings for Christophe Berra and Keogh, Kakuta almost added a fifth for Chelsea with a dipping shot that was only just wide.
Chelsea: Cech, A. Cole, Essien, J. Cole, Mikel, Malouda (Matic 69), Kalou (Borini 79), Terry (capt), Alex, Belletti, Anelka (Kakuta 59).
Unused subs: Hilario, Ivanovic, Zhirkov, Ferreira.
Wolves: Hennessey, Halford, Stearmen, Edwards, Craddock, Berra, Jarvis, Henry (capt), Surman, Ebanks-Blake (Keogh 62), Castillo (Kightly 53).
Unused subs: Hahnemann, Elokobi, Milijaš, Foley, Maierhofer.
Bookings: Berra (79 - foul), Keogh (90 - dissent).
Referee: L. Mason.
Wolves Academy Under 18s 4 (Rooney 2, Spray, Gorman) Crewe Alexandra 3