Wolves executive chairman Jeff Shi insists the club has the potential to be a world power.
Shi insists the club's immediate goal is to avoid relegation but says the long-term ambition is to become a world-class side capable of competing for major honours.
When asked if Wolves could one day overtake Man City, Shi told the Mail on Sunday: "In the future? Yes, why not?
"I do hope we can be the top club in the world. But it's not so useful to talk too much about that now.
"It's step by step. If you ask me the long-term goal, of course, we want to be as good as Man City, even better than them in the future."
He added: "We know how much Man City have invested into their squads and personally I don't think if you give me 10 years or 30 years, it's not impossible to match. Football is not all about money."