Manchester City failed to collect their first trophy of the 2019-20 season after losing the Premier League Asia Trophy final to Wolves on penalties.
Following a goalless draw in Shanghai on Saturday, Wolves goalkeeper Rui Patricio saved three penalties to seal a 3-2 shoot-out victory for Nuno Espirito Santo's side.
Pep Guardiola's men completed a domestic clean sweep of silverware last term but must wait until next month's Community Shield for a chance to add to their growing collection of medals.
City were gifted the chance to take a first-half lead when Adama Traore fouled Leroy Sane in the box and referee Martin Atkinson pointed to the penalty spot.