Despite dominating possession for much of the game Spurs had to come from behind with Luka Modric cancelling out Steven Fletcher's opener to earn a point against a battling Wolves side who defended for large periods, something that did not come as a shock to the Tottenham boss.
He said: ""We all get disappointed when we don't win. But they [Wolves] are not just going to roll over. A point's a point. We're still on a great run."
He added: "One wouldn't quite drop for us and they defended for their lives, worked hard and pressed us, closed us down and made it difficult."
And Redknapp still feels the Premier League crown is a long-shot for his side.
"I've never said to anybody that we are going to win the league," he said. "I know where we are at and if we can get a Champions League position again this season it will be great for us.
"I only answered their question of if it is possible and of course it is possible. Man City and Man United will be red hot favourites to win the league but if we had a fantastic run in the second half like we have had in the first half of the season it could happen."
Wolves boss Mick McCarthy was full of praise for striker Fletcher, who scored his ninth league goal of the season and he also felt his side were worth the draw.
He said: "He (Fletcher) is one of those rare commodities. A talented footballer who does everything else as well. He runs back for you, blocks shots and puts himself about.
"I'm delighted with the result because I though we deserved something from the game."
Source: PA
Source: PA