In what has been a season of transition and turbulence for Wolves, they currently sit 20th in the Sky Bet Championship, just four points and two places above the relegation zone.

After finishing 14th last season, Wolverhampton Wanderers fans would be hoping their side could push on and challenge for the play-offs this season.

A Chinese based consortium completed a takeover at Molineux in the summer and this saw Wolves capable of competing not only with the wealthiest clubs in the Sky Bet Championship but also across continental Europe.

Despite the resources and influx of money for transfer funds, a change in ownership and a change of manager has seen Wolverhampton Wanderers fans endure a rollercoaster ride.

In a long arduous marathon that the Sky Bet Championship always ends up being, there have been a number of highs and lows that Wolverhampton Wanderers have encountered as expected.

In this article, FLW writer Elliott Wheat-Bowen highlights and takes us through two of Wolves' biggest highs and two of their genuine lows from the season so far.

High - FA Cup run

Despite the inconsistent league form, in stark comparison, Wolves' form in the FA cup was almost unrecognisable as they became one of the giant killers of this season's competition.

After defeating Stoke City in a tricky away tie courtesy of goals from Helder Costa and Matt Doherty, Wolves were rewarded with a fourth round tie away at Anfield.

Very few predicted that Wolves would be able to cause a shock despite beating Premier League opposition in the round before.

However, Paul Lambert's side proved to be giant killers once again after Richard Stearman scored in the first minute and Andreas Weimann scored just before half time to give Wolves a commanding lead against Jurgen Klopp's side.

Divock Origi's late consolation wasn't enough for Liverpool to get back in the tie and Wolves won 2-1.

The cup run ended with a 2-0 home defeat to Chelsea but Wolves gave a good account of themselves against the Premier League leaders.

Wolves' cup run was not only a pleasant distraction from a disappointing league campaign but also one of Wolves' biggest highs so far this season with the victory over Liverpool at Anfield notably standing out as one of moments of the season so far.

High - Permanent signing of Helder Costa

After a scintillating first half of the season, there were a number of questions and concerns about Helder Costa's future at Molineux.

The 23-year-old winger had been Wolves' standout performer so far this season with eight goals and ten assists in all competitions.

With Premier League sides circling the on-loan winger, Wolves moved quickly to secure Helder Costa's permanent signature from SL Benfica.

Having spent big money on the Portuguese winger, it raised eyebrows and proved to be a statement of intent to stave off interest from the Premier League.

Helder Costa's form for Wolves has been a continuous high for Wolves, however, the permanent signing of Helder Costa has been one of Wolves' top moments of the season so far.

Low - Appointment of Walter Zenga

The transition which saw a change in ownership also saw a change in management as Walter Zenga replaced Kenny Jackett.

The Italian coach, who had managed a number of sides including Sampdoria and Palermo, was expected to lead the revolution at Wolves.

However, after just 87 days in charge, Walter Zenga and his supporting management team were relieved of their duties.

After a run of four defeats in five, Wolves' ambitious owners lost their patience as they opted to remove the Italian from the managerial position.

Considering the personnel and resources at his disposal, the appointment of Walter Zenga, who proved to be inexperienced and inept in the Championship, was one of the biggest lows of the season.

Low - Defeat to ten man Birmingham City

Wolverhampton Wanderers' most recent defeat could be one of the most damaging defeats of the season to local rivals Birmingham City.

In a hotly contested West Midlands derby, the pressure was on both teams to a result of some kind to stop the rot.

Birmingham City had struggled to adapt to life under Gianfranco Zola with just one win in fourteen under the Italian, whereas Wolves were edging closer and closer to the relegation zone.

A Carl Ikeme error which gifted Maikel Kieftenbeld a goal and a sweeping finish from David Davis proved to be enough for Birmingham to secure all three points despite Nouha Dicko's consolation goal.

The defeat against ten-man Birmingham City has not only hurt the pride of Wolves but also the manner of the defeat showed that Wolves are devoid of confidence.

After the defeat, Wolves now only have a four-point cushion above the relegation zone.

Compounded by the fact that Wolves' form has seen them only earn ten points from their last ten Championship games, relegation is beginning to become a real concern.

The costly defeat against an out of form Birmingham City side is one of Wolves' biggest lows this season as it could prove to be the turning point in Wolves' season which sees them dragged into the heart of the relegation dogfight.