Wolves secured their place in the Championship play-offs with a stunning comeback win at the Walkers Stadium.
Iain Hume shot Leicester ahead after fine wingplay by Nils-Eric Johansson.
But Seyi Olofinjana lashed home the equaliser, Michael Kightly put the visitors ahead with a neat flick and Gareth McAuley's own goal made it 3-1.
Leicester then had Patrick Kisnorbo sent off for a second caution and Andy Keogh sealed the win from the spot after McAuley felled Stephen Ward.
Wolves, needing a win to make sure of the place in the play-offs, had the worst possible start when they fell behind after three minutes.
Johansson beat two defenders on the left wing and his low cross bounced into the path of Hume who scored with a sweet right-foot strike from 12 yards.
But Wolves deservedly drew level midway through the first-half when Olofinjana crashed the ball into the roof of the net from three yards after City failed to clear a corner.
The lively Kightly put Wanderers ahead when he backheeled the ball home from close range after Logan failed to hold Michael McIndoe's driven low cross.
And Gareth McAuley's own goal at the start of the second-half all but sealed the win.
The giant centre-half put through his own net as he tried to intercept Keogh's low cross from the right
Leicester's task became even more difficut when Kisnorbo was sent off after getting his second yellow card.
Keogh made the final score reflect Wolves' second-half dominance by adding a fourth with a cheeky chipped penalty after McAuley had brought down substitute Ward.
Leicester: Logan, Stearman (Kenton 46), McAuley, Kisnorbo, Johansson, Newton, Hughes, Wesolowski, Tiatto (Porter 80), Hume, Fryatt (Cadamarteri 81).
Subs Not Used: Henderson, Horsfield.
Sent Off: Kisnorbo (62).
Booked: Tiatto, Kisnorbo, Newton, Hume, Johansson, McAuley.
Goals: Hume 3.
Wolverhampton: Murray, McNamara (Little 57), Breen, Craddock, Potter (Gleeson 88), Kightly, Olofinjana, Neill Collins, McIndoe, Bothroyd (Ward 62), Keogh.
Subs Not Used: Hennessey, Mark Davies.
Booked: Potter, McNamara, Craddock.
Goals: Olofinjana 25, Kightly 33, McAuley 53 og, Keogh 86 pen.
Ref: M Dean (Wirral).