Wolves boss Mick McCarthy is refusing to panic despite seeing his side's lead at the top of the Championship table cut to just two points.
Reading battled their way to a 1-0 win over the leaders at the Madejski Stadium on Tuesday night to complete the double over them for the season.
"It's all concertinad up again but had we won it and been eight points clear it still wouldn't have been over," McCarthy told his club's official website after a Neill Collins own goal cost his side.
"There are 17 games to go and it's going to be a scrap to the bitter end.
"It's a significant result because they've closed the gap but I never thought for a minute we were going to run away with it and be five, six, seven points clear all the way through.
"I'm not trying to see things through rose-coloured spectacles, I'm being honest.
"I think we played well and perhaps deserved something out of it, but it doesn't matter because we've got beat.
"I'm positive because of the way we've played but dejected because of the result."