The men from Molineux are facing up to the very realistic threat of back-to-back relegations, with a last-day miracle required to keep them in the Championship.
Solbakken was drafted in as manager last summer and charged with the task of bouncing the club back into the Premier League at the first time of asking.
He was, however, to last just six months before being replaced by Dean Saunders.
Saunders is Wolves' fourth boss in the space of 16 hectic months, and Solbakken believes Morgan's reluctance to work long-term has ended up costing the club dear.
He said: "I have no confidence in the owner.
"Morgan hired me because he wanted to build a new culture, create a new identity and make sure the club wasn't ridiculed if given another chance in the Premier League.
"It was surprising that he thought this would be done in 15 minutes.
"My intention was to build a team over three transfer windows, but he got tired and went back to the previous culture."