Unai Emery says he thought Arsenal deserved a draw against Wolves and it was probably a fair reflection of the match.
Ivan Cavaleiro put Wolves ahead in the 13th minute and the Gunners struggled to get back into the game until midway through the second half.
Pierre-Emerick Aubameyang spurned a fantastic chance before Henrikh Mkhitaryan levelled with four minutes remaining to extend Arsenal's unbeaten run to 16 matches.
Arsenal 1-1 Wolves
As it happened
"It's not a good draw," said Emery. "But they deserve it because they worked very well and were very competitive and organised for the transition.
"The first goal made it more difficult for us, but we worked and took risks in the match to try to win.
"We had chances and I think the team deserved the draw and then one moment you think we can win with risk, and they also had chances. But in the 90 minutes the draw is probably how it looked on the pitch."
The draw sees Arsenal move three points behind fourth-placed Tottenham in the Premier League.
Reflecting further on the result against Wolves, Emery said: "On balance we deserved a draw and maybe if we scored earlier we can win, but then it is very late and they also had chances because our mentality is to win and we played for this.
"I am very happy with the work of every player because they work with a very good attitude. We need to continue to work to be better."