The teenager winger has been missing since November due to an ankle injury.
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Despite being 16 years of age, Dowman was making a major impact on Arsenal's early season results as they established their Premier League title push.
Earlier this week, Arsenal boss Mikel Arteta gave no hint of yesterday's surprise appearance: "Max is still not available.
"We will see when we have the medical meeting. He's progressing very well. I believe he will join us in about a week or so, and then he just needs to regain his rhythm and be ready for selection."
The midweek draw at Wolves leaves Arsenal five points ahead of second-place Manchester City, having played a game more.
