Substitute Carl Robinson's late winner was in vain as Wolves missed out on a
place in the play-offs.
Robinson swooped five minutes from time, but victory over relegated Vale meant
little because Bolton beat Norwich to secure sixth spot.
Vale started brightly and Tony Naylor shot narrowly wide from Ville Viljanen's
flick.
But Wolves, with a large and vociferous following behind them, were soon
forcing the pace as Michael Branch went close.
Branch then missed a sitter after Steve Sedgley's free-kick beat everyone
before Vale began a spirited fightback.
Wolves keeper Michael Oakes was pleased to grasp the ball in a goalmouth
scramble as Vale were buoyed by substitute David Healy, who replaced the injured
Naylor.
The contest now flowed from end-to-end as Vale's rookie goalkeeper Mark
Goodlad saved at point-blank range from Branch following another Sedgley
free-kick.
Wanderers forced a succession of corners towards the end of the first half but
the home defence held out.
Vale enjoyed a bright start to the second period and Oakes was scampering
around his goal as Michael Cummins and Healy caused problems.
Sagi Burton then wasted a fine chance to give the home side the lead when he
headed wide from Dave Brammer's cross.
But Wolves were kicking themselves in the 66th minute when Sedgley squandered
an even better opportunity.
Kevin Muscat swung in a terrific cross from the right and Sedgley headed wide
from six yards with a goal at his mercy.
Robinson, who replaced Branch 12 minutes from time, struck a post with another
outstanding chance before atoning as he turned in Lee Naylor's near-post cross.
Teams:
Port Vale: Goodlad, Carragher, Burns, Burton, Snijders, Smith,
Brammer (O'Callaghan 86), Widdrington, Cummins,Naylor (Healy 24), Viljanen.
Subs Not Used: Pilkington, Eyre, Brisco.
Booked: Carragher, Cummins, O'Callaghan.
Wolverhampton: Oakes, Muscat, Curle, Pollet, Naylor, Bazeley,
Emblen, Sedgley, Taylor (Osborn 62), Akinbiyi, Branch (Robinson 78).
Subs Not Used: Simpson, Flo, Petterson.
Booked: Taylor.
Goals: Robinson 85.
Att: 8,525
Ref: C Wilkes (Gloucester).