Belgium midfielder Dendoncker missed Monday's 2-1 defeat at Burnley after picking up an injury in the previous game against Chelsea.
Tottenham will be without Giovani Lo Celso due to a hamstring injury which will keep him out for the festive period.
Gareth Bale will be assessed after he came off at half-time during the Carabao Cup quarter-final win at Stoke with a calf problem, having given his side the first-half lead.
Wolves provisional squad: Patricio, Ruddy, Kilman, Boly, Coady, Saiss, Dendoncker, Buur, Hoever, Marcal, Moutinho, Semedo, Ait-Nouri, Otasowie, Vitinha, Neves, Traore, Neto, Podence, Silva.
Tottenham provisional squad: Lloris, Hart, Gazzaniga, Doherty, Aurier, Alderweireld, Dier, Sanchez, Rodon, Davies, Reguilon, Winks, Hojbjerg, Sissoko, Fernandes, Ndombele, Alli, Bergwijn, Bale, Moura, Son, Kane, Vinicius.