Wolves were tipped as one of the favourites for promotion this season, but they have failed to impress so far this campaign.
Jackett’s men are currently in 17th place in the Championship table and they are already nine points behind the play-off spaces approaching the turn of the year.
However, the former Millwall boss is adamant that Wolves should have been considered among the strongest teams in the second tier due to the success of their last two seasons.
“I don’t think so,” Jackett said when asked whether expectations were too high at the start of the season. “Everyone wants to do well and is optimistic.
“At the start of the season we’d have two relatively good years, more good than bad. After that everybody is right to be optimistic and excited about the season and expectations for it are always high, I don’t think there’s anything wrong with that.”
Wolves’ chances of making it into the top six now look very slim, unless there is a dramatic improvement in their form that is.
Jackett’s side have won just once in their last seven outings and they are leaking goals at an alarming rate.
There are now supporters actively calling for Jackett to lose his job, but the Express & Star reports that he will remain in charge at Molineux for the time being.
Wolves’ next match comes against Reading on Boxing Day.