Arsenal's hopes of a top-four finish suffered another significant blow as Wolves eased past Unai Emery's side 3-1 at Molineux on Wednesday evening
Arsenal stay fifth in the Premier League, a place outside of the Champions League spots, after their second defeat in less than a week
The Gunners needed to avoid defeat to regain fourth place from Chelsea but the hosts ripped them apart with three goals in 19 first-half minutes from Ruben Neves (28), Matt Doherty (37) and Diogo Jota (45+2)
Sokratis gave Arsenal hope of a late comeback, heading in from a corner in the 80th minute but it proved to be only a consolation as Emery's team followed Sunday's loss to Crystal Palace with another serious setback
A first top-flight victory over the Gunners since 1979 sees Wolves, who move up to seventh, add another top-six scalp to their record following wins over Chelsea, Manchester United and Tottenham this season
Arsenal started brightly and enjoyed lots of early possession, but things quickly unravelled for the visitors after Neves gave Wolves the lead in the 28th minute, curling home a 20-yard free-kick after Nacho Monreal had fouled Jonny
Wolves quickly doubled their advantage in the 37th minute, exploiting Arsenal's frailties when defending set-pieces
 With Bernd Leno in no man's land, Doherty headed in Jonny's cross
It then went from bad to worse for Arsenal on the stroke of half-time, with Jota firing through Leno, who should have done better, to make the game all but safe
It could have got even better for Nuno Espirito Santo's side at the start of the second half but the impressive Jota could not control Raul Jimenez's cross when unmarked at the far post
Arsenal had 71 per cent of possession but were bereft of a cutting edge in the final third
They eventually managed to get on the scoresheet when Sokratis rose above Neves in the six-yard box to head in Granit Xhaka's corner at the far post, but it proved only to be a consolation, leaving them with it all to do in the top-four battle
Jota epitomised Wolves' energetic display
 He was a bundle of energy and was a constant threat for the hosts as they looked to counter-attack Arsenal at every opportunity
Jota, who got his reward for his excellent display by scoring Wolves' third on the stroke of half-time, has now been directly involved in seven goals in his last five Premier League appearances for Wolves at Molineux (5 goals, 2 assists)
"It doesn't mean anything, you can repeatedly ask that but our aim is always the next game
 We must look where we came from, let's go step by step
"I am very proud of the way we work and how the players engage themselves because we give everything we have and that's what makes me proud - the belief in ourselves
 Playing against any team is difficult but Arsenal have quality players
 In order to create anything we had to be organised and work hard on the shape of the team
 Movement off the ball was also very important
"It was a good performance against a top team
 It was a fantastic performance from the players
" It's good
 We've been able to do good performances and achieve some good games
 We have the next game, it doesn't mean anything
 Our aim is just to improve game by game
""We have the next game, it doesn't mean anything
 Our aim is just to improve game by game
" "We lost in our hands the opportunity for fourth but we can also recover this opportunity
 We have lost opportunities in the last two matches, losing to Crystal Palace and here (at Wolves) but the last three matches we play in the Premier League we have opportunities
"Generally we are now disappointed but we need to look at all the season
 We lost this opportunity today but we need to prepare as best as possible for Leicester
 Again it is very difficult but hopefully we can take something
"We will be doing all we can in Leicester on Sunday to take the three points
 Top four is the target, a difficult target, but we have a chance in this competition and also in the Europa League
"Arsenal are back in front of the Sky Sports cameras on Sunday when they travel to the King Power Stadium to face Leicester
 Kick-off is at 12pm with our coverage getting underway at 11
30am on  and 
Meanwhile, Wolves have the chance to avenge their FA Cup semi-final defeat to Watford when they travel to Vicarage Road on Saturday to face Javi Gracia's side, kick-off at 3pm
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