Wolves manager Nuno Espirito Santo admitted they are "worried" for striker Raul Jimenez.
Jimenez is conscious in hospital and responding to treatment after suffering a head injury against Arsenal in a sickening collision with David Luiz after just four minutes.
The Mexican appeared to be knocked unconscious and required lengthy medical treatment for 10 minutes before leaving the pitch on a stretcher and being taken straight to hospital.
There was huge concern for the popular front-man with manager Nuno Espirito Santo looking visibly worried whilst Luiz asked about his condition.
Sky Sports were able to deliver some positive news shortly after the second half got underway by confirming he was conscious and responding to treatment.
But manager Nuno Espirito Santo admitted he was "worried" after the severity of the situation as medical staff had "panic" on their faces in the aftermath of the incident.
He told Sky Sports: “He’s doing a scan now, but he’s conscious, he’s OK, besides the gravity of the problem, of course.
“By the reaction of the team-mates, of everybody, you start hearing code red, when they say it’s red it’s because it’s serious and it is serious. It was a bad moment for everybody, both teams and both players.
“We wish him everything to be OK but now we are worried, of course.
“You see the panic in their (doctor's) eyes and you start thinking, how is he? We are worried.
“Everybody says to me now he speaks, he is aware but he’s doing a scan and now we have to have a proper assessment but he’s in good hands.”
Luiz, meanwhile, was bleeding from his head after the collision but was bandaged up and deemed able to continue.
Despite blood seeping through the dressing, he remained on the pitch until half-time.
He was then withdrawn at the break with Rob Holding introduced in his place.
Speaking after the game, Wolves captain Conor Coady admitted the two players were the only concern despite a huge result.
Coady told Sky Sports: "We didn’t like it when it happened, it was something you knew straight away.
“We hope David Luiz is OK as well, because it was a horrible clash of heads. It happens in football but you don’t like to see it, I think both sets of players went out and then played properly, did it right.
“It was a tough thing that happened but we just hope and pray everything is OK because that’s the one thing we’re thinking about right now.
“I was at the front just behind him so I jumped with him as well and you heard it, and as he dropped, he was just on his side.
“I think it was important we kept him on his side as well and get the doctors on, but it’s something we never want to see with our team-mate or with anybody in the Premier League.
“I hope and I pray that everything’s OK, because that’s the one thing that matters today. We got a fantastic result but the one thing that matters is making sure that Raul and David Luiz are both OK.
“You’ve got to (refocus), you’ve got 80 minutes or more left of a game so I think you’ve got to.
“The thing is you go and play and hope you get the win for Raul and for what he does for us.”
Wolves took the lead via Pedro Neto only for Gabriel Magalhaes to respond almost instantly for Arsenal.
However, Daniel Podence restored Wolves’ lead before the break and they held on for a big three points even without their talismanic striker.
Jimenez was replaced by club record signing Fabio Silva, who was handed his first big chance in the Premier League.
The Portuguese teenager put in a bright display as Wolves looked lively with a more attacking system having ditched their established back five in favour of a back four.