The Fan Zone, on the Wanderers Car Park, will be open from midday, building the atmosphere ahead of the 3pm kick-off at Molineux.
Live music, courtesy of Crest Glider, will keep supporters entertained, while Wolves Women stars will be interviewed on stage.
Former Wolves defender Ally Robertson will also be a special guest, while WHSmith will be handing out book vouchers to celebrate World Book Day.
Inside the stadium at half-time, Dan McNamara and Anna Price, Wolves Women head coach and captain, will be interviewed before the under-10s take to Molineux.