Wolves midfielder Nenad Milijas has lost his appeal against the red card he received during Tuesday's game at Arsenal and will have to serve a three-game ban with immediate effect.
The Serbia international had been hopeful of overturning the dismissal by referee Stuart Attwell for a challenge on Gunners midfield Mikel Arteta during the second half of the 1-1 draw.
But a Football Association disciplinary committee have dismissed his appeal and his ban will begin with Saturday's Barclays Premier League bottom four clash at Bolton. Milijas will also be ruled out for the home league game with Chelsea on January 2 and the FA Cup third-round tie with Birmingham at St Andrew's five days later.
In response to the decision, Wolves club secretary Richard Skirrow released a statement which read: "We are hugely disappointed with today's ruling.
"From the video evidence of that challenge alone, we strongly believed we had very good grounds for appeal and this was an opinion that seemed to be shared by a lot of people who have viewed the incident.
"Our view that the dismissal and three-match ban would be hugely disproportionate to the alleged offence was further reinforced by other incidents in the game.
"However, despite highlighting the inconsistency and harshness of Nenad's dismissal, we have been told that it was not deemed to be an obvious and serious error and, therefore, the original decision and resulting punishment stands."
Wolves boss Mick McCarthy is to make no comment on the FA decision until his media conference ahead of the Bolton game. But he was seething immediately after the game at the Emirates Stadium.
When asked if he thought Milijas' challenge deserved a sending-off, McCarthy said: "I will go and ask Stuart (Attwell). He did what he saw but if he sees it again, then he will know that it can't be one (a red card).
"Nenad has got his foot on the ground, makes contact with the ball and I don't think he leaves the ground. Someone said to me that his studs were up. Well you generally do when you tackle with your foot, sliding in."