However, Moxey insists that the former Millwall boss has nothing to worry about.
“We believe and I believe that Wolves ought to be able to compete, as a minimum, top six each year we’re in the Championship,” he said.
“We are disappointed that we’re mid-table, but we believe there are a number of very identifiable reasons as to why.
“We do not believe that it’s down to our head coach, and I think that answers the question.
“There are significant mitigating factors that have made this season finish where we are finishing.
“It’s not an excuse. Did we overachieve last year? I don’t know, but we did really well.
“Everyone knows what’s happened this season, without poring over it all again.
“There are several mitigating factors.”
One of the legitimate excuses that Jackett can have is that he has had to deal with a vast amount of injury problems this season.
The Midlands side have been very unfortunate with many of their key players being ruled out for lengthy periods of time.
Wolves have also had to deal with losing the likes of Benik Afobe and Bakary Sako in recent transfer windows.
There is still a great amount of frustration around Molineux at the moment, though, as there is a feeling that this season could have been so much better.
Wolves were tipped to be one of the favourites for promotion, but they have rarely threatened to break into the play off spots - and they currently sit in 12th place.