Neal Maupay's penalty and a Lewis Dunk header earned Brighton a point after a dramatic second half comeback at the Amex Stadium on Saturday.
Aaron Connolly stabbed the Seagulls ahead before Wolves raced into a 3-1 lead through an excellent Romain Saiss header, Ruben Neves' penalty and a Dan Burn own goal.
Despite their spirited second half, Brighton broketheir club record of 13 home league games without a victory to end the day three points clear of Fulham in the final relegation spot.
Wolves, meanwhile, ended a run of three successive away defeats.