Leave the M6 at Junction 10 and take the A454 towards Wolverhampton. Continue to follow the A454 right into Wolverhampton (be wary of speed cameras on the A454). On reaching the traffic island that intersects with the ring road, turn right. As you approach the 2nd set of lights look for the signs for football parking. The ground is over the 2nd set of lights on the right. Alternatively if you turn left into the town centre you may find a space in one of the many council run 'pay & display' car parks. The Civic Hall car park, normally remains open for night matches.
The ground is walkable from the train station in the centre of town (15 minutes). Leave the station and turn immediately right. Just follow the ring road as it continues around to the left. Eventually you will see Molineux on the right.
Though much better than the 70's and 80's there is still a considerable bonehead element at Wolves. Team colours should remain out of view until inside the ground.