Former West Ham striker Frank Nouble netted twice as a youthful Palace development side went down 3-1 to Wolves in Telford.
All four goals were netted during a frantic 10 minute period during the first half which ensured the home side come out on top, with Ibra Sekajja netting the Eagles' goal.
The first opening of the game was created by Wolves, but despite producing plenty of power, Jamie Reckord's shot was straight at Ross Fitzsimons.
The young goalkeeper was called into action several times in quick succession from corner kicks. He firstly made a smart save as he gathered a header from Ethan Ebanks-Landell and, from the resulting corner, he then kept out a Sam Winnall header before Zeli Ismail laid a third set piece back to David Davis who volleyed straight at Fitzsimons from the edge of the box.
He was finally beaten on the half-hour mark when Winnall pushed the ball forward for Nouble. The striker was forced well wide as he skipped past the keeper and just as the chance looked to have gone, he took aim and scored with a shot that went just inside the far post from an acute angle.
The lead was extended three minutes later when Jack Price darted into the Palace box and sublimely chipped the ball over Fitzsimons for Wolves’ second.
Despite two setbacks in quick succession, Palace's under 21 side, which included a host of academy players, bounced back when Sekajja was afforded a little too much space by the home defence and he scored with a low effort from just inside the box.
However a manic finale to the half saw Wolves regain their two goal advantage when Fitzsimons failed to prevent Nouble’s centre crossing the line before he clawed it away.
Wolves continued to pile pressure on the Palace goal after the interval, with Ismail embarking on an enterprising run but shooting over the bar before Sekajja almost added to his tally with a shot that flashed narrowly wide.
Play continued to switch from end to end and after Price had volleyed over the bar, Reise Allassani wasn’t far away for Palace with a low attempt that flew wide.
Ebanks-Landell had a header saved by Fitzsimon’s following a Kristian Kostrna corner and then the keeper made a fine stop as he clung onto a long range effort from Davis.
There was another opportunity for Price after Ismail had pulled the ball back for him, but he ballooned his shot over the bar.
Then Nouble missed the chance of completing his hat-trick when he screwed the ball wide of the far post after he had been played in by Winnall, however his brace was ultimately enough to earn his side the victory.
Wolves: Cotman, Foley (Ihiekwe 45), Reckord (capt), Davis, Tank (Ebanks-Landell 10), Batth, Kostrna, Price, Nouble, Winnall, Ismail (McAlinden 78).
Unused subs: Flatt, Whittall.
Palace: Fitzsimons,Tiffoney, Daniel, Taylor, Wynter, O’Keefe (capt), Fenwick (Kai Kai 84), Boateng, Sekajja, Allassani, Banton.
Unused subs: Arkuruka, King, Holland, Kroll.