The 49-year-old replaced Stale Solbakken in January of this year, but he was unable to prevent the Molineux-based outfit from being relegated to League One at the end of last season.
Saunders was sacked as a result, despite the fact that he had only been in charge for four months.
"It wasn't what I thought it was going to be. I obviously have to be careful what I say because you have to sign little bits of paper to get paid. I'm just disappointed I never really got the chance to do what I wanted to do," the Welshman told Goals on Sunday.
"I went to Wrexham when it was in a bit of a mess, it took me two and a half years to turn that club around. I got them to the top of the league in the end, then I went to Doncaster and it took me less time, 18 months.
"It takes time. I went to Wolves and I didn't spend a penny, and I lasted three and a half months or whatever it was, so I'm disappointed about that but I have to just regroup and not let it affect my self-belief and wait for the next job."
The former Liverpool and Aston Villa frontman went on to reveal that he was prepared to remain at Wolves in a bid to lead them back to the Championship at the first time of asking.
"We got it going. We won five out of six and I know it sounds like I'm making a load of excuses, but we got a lot of injuries towards the end. Bakary Sako, Dave Edwards, David Davis and Carl Ikeme all broke bones at the wrong time," he added.
"We ended up not getting enough points and as well as that all the teams around us kept on winning - Peterborough, Barnsley and teams like that. I'm disappointed with what happened but I would have liked the chance to put it right."