The playmaker was ruled out of the 2-1 defeat by the Premier League leaders due to a calf problem but on Friday evening he had been confident of starting the game.
Smith said: "He's available for selection that's for sure. He'll be fit for the Wolves game, I'm sure he'll be back training. It's a dead calf and after training on Friday it was probably just a day too soon.
"He trained on Friday and was fine, he was due to start against Liverpool but he felt it tightened up on Saturday morning. He went for a run on the pitch and felt he wasn't 100 per cent.
"I said we needed to make sure he was 100 per cent because Liverpool are a top team. He held his hands up and said 'I'm not'."