Three arrests were made for alleged homophobic chanting when Wolves beat Chelsea at Molineux last month.
Supporters were told over the PA system during the game that discriminatory behavior and chants were not tolerated.
Both clubs later condemned the chants and Wolves are now facing a sanction.
The FA said Wolves had breached the FA Rule E21 twice during the fixture.
Rule E21 states that a club must ensure that spectators and/or a club’s supporters conduct themselves in an orderly fashion and not use words or otherwise behave in a way that is improper, offensive, abusive, indecent or insulting with either express or implied reference to sexual orientation.
The club has until Monday 15 May to respond.
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