Returning midfielder Dave Edwards says that the Wolves squad are under no illusions about the situation they currently find themselves in.
A run of one win in nine and just three in 20 has seen Wolves slip alarmingly towards the bottom of the nPower Championship, where they currently occupy 21st position and are just two points above the relegation places.
Edwards, who returned from a hamstring injury with an appearance from the bench at Leicester last week, says the squad, many of whom experienced relegation last season, are determined to avoid suffering the same fate again as the end of another campaign draws closer.
"We're definitely in a relegation battle at the moment," the Welshman says ahead of this weekend's visit of Leeds United.
"We know the situation we're in and we know we're not too good to go down - we're not invincible. It's vital that we start putting wins on the board."
Edwards was stretchered off during Wolves' 4-1 victory over Bristol City in December, and has since watched his team-mates stutter through the intervening weeks, picking up just a solitary victory against Blackpool.
New manager Dean Saunders believes that his players are yet to shake the 'losing habit' that they picked up during last year's ill-fated Premier League campaign, and Edwards agrees with his Welsh counterpart.
"I think there's some truth in that. It's hard to get out of a rut when you're losing and it's hard to see where the next points are coming from," he explains.
"But it can turn around really quickly in this league. When we get that winning feeling you can't see us losing a game - we need to turn it around, but one win will bring confidence and then we can begin to build on that."
The 2-1 defeat at Leicester was Wolves' eighth straight game without a win, but Edwards says that the second half performance, during which Wolves almost snatched a point from the King Power Stadium, produced several positives.
"In the first half I thought Leicester were the better team, but in the second half I think we played better than we have in a long time," Edwards explains.
"Now we've got to take that into our home game on Saturday and get our fans right behind us. We need points at the moment, but if we get a performance as well then all the better."
Despite results on the pitch not going their way, Wolves have been boosted in recent weeks by the exodus from the physio's room at their Compton Park training ground.
Slawomir Peszko and Jamie O'Hara have both returned from injury to swell the midfield ranks, and Edwards is confident that he too can go on and reclaim a place in the starting eleven.
"The injury feels fine," he explains. "I've had a good couple of weeks of training which have been really intense, so everything's fine. Hopefully now, with a bit more hard work, I can force my way back into contention."
Edwards' first appearance of an interrupted season came in the opening day defeat to Leeds at Elland Road, and he is confident that Wolves have enough quality to overturn that result at Molineux on Saturday.
The Yorkshiremen go into the game in mid-table, off the back of a mixed run of results which has seen the win five and lose five of their previous ten league fixtures.
"They're a very good team, and they made some good additions in January," Edwards acknowledges. "But we are obviously hopeful of getting the three points in front of our own fans.
"It's going to be a tough game, just like every other game in this league, and it's a match-up of two of the biggest, most historic clubs in the league. It's going to be a big game, but I think we've got enough to win it."