The Gunners were looking to record their first win in the Premier League since a 3-1 victory over Leicester City at The Emirates at the start of November.
Arsenal were held to a 2-2 draw with Crystal Palace at Selhurst Park after Granit Xhaka conceded a late penalty before the Gunners came from behind to rescue a 1-1 stalemate with Liverpool FC.
Leno has retained his starting spot in the Arsenal team since Petr Cech suffered an injury in a 2-0 win over Watford back in September.
The German shot stopper has started their last five Premier League games, conceding six times during that run of games.
Arsenal looked to be heading for a surprise loss to promoted side Wolves on Sunday after Ivan Cavaleiro broke the deadlock in the 12th minute.
Leno made four saves to ensure the visitors were unable to extend their lead before Henrikh Mkhitaryan equalised with four minutes left to play.
While the Gunners were not at their best under Unai Emery, club legend Wright was impressed with Leno’s performance in the north London side’s goal.
“If I’m going to say anything about one individual player it’s got to be Leno,” Wright is quoted as saying by Metro. “The mistake for the goal came from Xhaka in midfield, giving away the ball away again. Those are the mistakes we need to eradicate from our game.
“And then we end up winning a game like this 1-0 with the luck we had and their poor finishing but without Leno we would have lost that game today.
“We’ve dodged a bullet here. We’re still on an unbeaten run. We fortunate to get away with the 1-1 but I’ll take it. We’re still a work in progress, it was disappointing but I was quite pleased in the end.”
Leno moved to Arsenal in a £21m deal from Bundesliga outfit Bayer Leverkusen in the summer transfer window.
Cech started the season as Arsenal’s first-choice goalkeeper under Emery despite the arrival of Leno.
However, the veteran goalkeeper struggle to adapt to Emery’s style of play to prompt calls for the Spanish head coach to start his summer signing.
The Gunners will take on Bournemouth, Tottenham Hotspur, Manchester United and Huddersfield Town in their next four Premier League games.
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