Blues boss Roberto Di Matteo said on Saturday "we'll see" when asked about the availability of Terry, who denies using a racist slur against Anton Ferdinand.
Di Matteo, who remains without Daniel Sturridge (hamstring), may have planned to rest his captain anyway and confirmed he plans to field some fringe and youth players, which could mean debuts for the likes of Marko Marin and Cesar Azpilicueta and a full debut for Victor Moses.
Wolves are set to field a much-changed line-up, with manager Stale Solbakken stating as many as "nine or 10" new faces could be included.
Solbakken, who boasts no new injury problems or suspensions, is set to hand starting berths to the likes of David Davis, Danny Batth, Stephen Hunt, Ronald Zubar, Frank Nouble and Georg Margreitter.
Solbakken's intentions are not so much a sign of his priorities this season but more his belief in rest and recuperation. Wanderers have played three games in six days as they battle through a gruelling Championship campaign and face a further three in seven - starting at Stamford Bridge.