Arsenal made an appeal to cancel the controversial red card in Miles Lewis-Skili.
The defender was expelled during his team's 1-0 victory over the wolves on Saturday.
Louis-Skili was rejected to capture Matt Duharti from the wolves over the ankle with a late treatment to dismantle the counter-attack outside the wolves box in the 43rd minute.
The referee's decision was supported by Michael Oliver by the referee assistant (VAR) Darren England.
Luis-Skili is scheduled to go to the next three matches of Miss Arsenal-a match at home in the Premier League against Manchester City on Sunday, in the Carabau Cup semi-finals next week in Newcastle and the League match against Leicester on February 15.
The Football Association was contacted to comment.