Wolves came out on top in a game of two penalties to climb out of the relegation zone and leave Nottingham Forest bottom of the Premier League.
Skipper Ruben Neves drove the hosts in front from the spot after a four-minute video assistant referee delay at the start of the second half.
After a second lengthy VAR intervention when referee Thomas Bramall initially missed Matheus Nunes pulling back Ryan Yates, Wolves keeper Jose Sa superbly turned away Brennan Johnson’s spot-kick.
The save was made more remarkable as Sa has been playing with a broken bone in his wrist since he damaged it against Fulham on 13 August.
Max Kilman earlier hit the inside of a post with a header and was unfortunate the rebound went straight to Forest keeper Dean Henderson.
It was a superb way for interim Wolves bosses Steve Davis and James Collins to start a potentially crucial week that ends with a home game against Leicester next Sunday.
However, the pain goes on for Forest boss Steve Cooper. His side are without a win since August and have picked up a single point from their past seven games.
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