The 1995–96 season was the 97th season of competitive league football in the history of English football club Wolverhampton Wanderers. They played the season in the second tier of the English football system, the Football League First Division. After a period under caretaker manager Bobby Downes, Mark McGhee resigned from Leicester City to become Wolves' new manager in December. Despite a slow upturn in results under McGhee that put the team within three points of a play-off place at the start of April, their form again collapsed and they took just four points from the final 24 available.