First-choice goalkeeper Carl Ikeme could well miss the remainder of the season after breaking his hand punching a dressing room tactics board at half-time in Saturday's 2-1 win over Bristol City, having earlier conceded a bizarre own goal.
To make matters worse, Saunders had already lost star winger Bakary Sako (hamstring) and midfielder Dave Edwards (metatarsal) against the Robins, both of whom are now facing at least six weeks on the sidelines.
Dorus De Vries will stand in for Ikeme, while Aaron McCarey has been recalled from his loan spell at Walsall as back up, but Saunders is keen to bring in further players for the remaining eight games of the campaign as Wolves aim to secure their Championship status.
"We're looking to do something, especially with the three injuries," the Welshman told the club's official website.
"I might have to look at the goalkeeping situation as well."