The midfielder was sent off by referee Stuart Attwell following a studs-up sliding challenge on Mikel Arteta.
The FA's disciplinary panel will now hear the case and make a decision ahead of Saturday's trip to Bolton, which could see the automatic three-match ban rescinded.
Wolves manager Mick McCarthy felt the incident did not warrant a red card, but accepted it was not an easy environment for the young referee.
Speaking in the post-match press conference following the 1-1 draw, McCarthy said: "If he [Atwell] sees it again then it can't be [a red card]. Nenad's got his foot on the ground and makes contact with the ball.
"Somebody said to me 'he's got his studs up'. Well, you generally do if you tackle with your foot sliding in."
McCarthy added: "That rarefied atmosphere out there is a difficult place to work in whether you are a player, coach, manager, referee or assistant.
"It's pretty pressurised out there and I think there was a lot of pressure on him to do it."
Wolves confirmed their appeal on the club's official website.
Source: PA
Source: PA