You can't compare Manchester city's form that time wolves won them in their first meeting this season and now that Manchester city is very much in good form and are aiming to lift the premier league cup without any setback.
Right now Manchester city is targeting to win the premier league at all cost because they have topping the table and afterwards lose it to Liverpool md and Arsenal but when Liverpool and Arsenal lost their matches respectively, Manchester city took advantage of it and since then they have been very determined in their matches even when they find it so hard to win some of their matches, at last they still ended up winning and another thing is that Manchester city have a very reliable squad that can deliver well in matches so they will be using their best squads to win their remaining matches.
It is true that Manchester City is currently in very good performance, even though they have been shifted from the top ranking they can still climb back up, and I think Manchester City can still catch up with Arsenal's points which are only slightly different. With their upcoming match against Wolves, of course I don't think Wolves will be a tough opponent for Manchester City, but that doesn't mean I underestimate Wolves, because Wolves could give them a surprise, but it's unlikely.
Arsenal still has the threat of being displaced, and of course Manchester City is a threat to them. With Manchester City's current performance I still think they can catch Arsenal on points and return to leading the top of the standings.