Manager Mick McCarthy confirmed midfielder Henry (knee) and defenders Jody Craddock (hip) and Steve Mouyokolo (back) will all travel to Eastlands after recovering from injury.
Henry could replace hamstring victim Dave Edwards who was on target in Wolves 2-1 home win over City earlier this season.
Full-back George Elokobi will start a three-game ban for his red card in the FA Cup tie at Doncaster last weekend and he is likely to be replaced by Stephen Ward.
Source: PA
Source: PA