A number of Wolves supporters stormed the pitch following the final whistle and went on the rampage.
Some Wolves players, including striker Kevin Doyle, were verbally abused by fans, while advertising hoardings were ripped up, the dug-outs were damaged and at least one steward was assaulted.
Although no arrests were made during the pitch invasion, police are set to review CCTV footage to identify those responsible for serious offences.
Inspector Richard Cox of West Midlands Police said: "The encroachment of the pitch by approximately 300 Wolves supporters was a disappointing end to an otherwise exciting and trouble-free game.
"In the coming days officers will be working with club officials to explore how people were able to evade security and get on to the pitch."
In a statement, Wolves, who are three points adrift of safety with only one match remaining and facing successive relegations, said: "The club will work with West Midlands Police to review all the footage relating to the post-match events."