Jacobs helped Wolves win the League One title last season by nine points, and despite being part of a relatively inexperienced squad at Molineux, the former Derby County player believes that Kenny Jackett's team can make an impact at the top of the table.
The 22-year-old is quoted by the Express & Star as saying: "It's going to be tougher, the games come thick and fast and you play against a lot of strong teams, but we've got enough to put a challenge up.
"I think that we can really kick on. There are a lot of strong teams in the Championship – there won't be a week where you can think you're going to get an easy three points.
"It's one of the most competitive leagues around and it will be a tough season but I think that we have enough to put a good challenge in."
Jacobs netted eight goals in 30 appearances for Wolves last season.