The 3rd Round tie will be played at St Andrew on the weekend of 3rd/4th January 2009.
The two side's, who played out a 1-1 League draw at The Molineux this weekend, last met in the FA Cup in 1996 when Wolves progressed to the 4th Round after a 2-1 home win in a 3rd Round replay on 17th January after a 1-1 draw at St Andrews eleven days earlier.
Full 3rd Round Draw:
Portsmouth v Bristol City
Sheffield Wed v Fulham
Preston v Liverpool
Birmingham v Wolves
West Ham v Barnsley
Middlesbrough v Barrow
Hull City v Newcastle
Hartlepool v Stoke
Chelsea v Southend
Manchester City v Nottingham Forest
Cardiff v Reading
Ipswich v Chesterfield or Droylesden
Charlton v Norwich
West Brom v Peterborough or Tranmere
Torquay v Blackpool
Leyton Orient v Sheffield United
Southampton v Manchester United
Millwall v Carlisle or Crewe
Histon v Swansea
Forest Green Rovers v Derby
QPR v Burnley
Leicester v Crystal Palace
Tottenham v Wigan
Morecambe or Cheltenham v Doncaster
Arsenal v Plymouth
Notts County or Kettering v Eastwood Town
Bournemouth or Blyth v Blackburn
Macclesfield v Everton
Watford v Scunthorpe
Sunderland v Bolton
Coventry v Kidderminster
Gillingham or Stockport v Aston Villa.