Wolves slumped to their fourth successive defeat despite taking the lead, but Norwich responded almost immediately to level then scored the eventual winner from the penalty spot just before the break.
Grant Holt scored both of the Canaries goals then saw red in the final minutes for a second yellow card but by then the damage had been done leaving Wolves with just one league success in their last 16 outings.
Terry Connor's side took the lead when Matt Jarvis converted Michael Kightly's low cross with a sidefoot finish, but that advantage lasted just 84 seconds.
Holt showed great skill to restore parity after being put through by Simeon Jackson then gave the home side the lead on the stroke of half time after Eggert Jonsson was adjudged to have handled.
Considering Wolves needed the points they showed little attacking intent after the beak and look doomed to Championship football next season unless they experience a dramatic upturn in fortunes.
Referee: Mark Clattenburg
Venue: Carrow Road
TRIBAL ASKS: Should Wolves have stuck with sacked boss Mick McCarthy?
Yellow cards: Jonsson (WOL), Johnson (WOL), Whitbread (NOR)
Red card: Holt (NOR)