Neither side can boast sparkling form ahead of this festive clash in the Midlands.
Wolves have won just two of their last seven games, while Watford arrive on a run of four successive defeats.
Although, the hosts are fresh from holding title challengers Chelsea to a creditable goalless draw at Molineux last weekend.
The main problem for Wolves in recent times has been goals, with one or fewer scored in each of the last seven games involving them.
Bruno Lage will be hoping for inspiration from Raul Jimenez; the scorer of their last two Premier League goals on home soil.
Meanwhile, a struggling Watford are without a win in their last eight matches away from home on Boxing Day.
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Wolves vs Watford: Match Stats
Despite Wolves’ recent struggle for victories, they have kept five clean sheets in their last seven matches.
By contrast, Watford are yet to register one this season, while Claudio Ranieri is still searching for his first Premier League win on Boxing Day.
September 11, 2021: Watford 0-2 Wolves – Premier League
January 1, 2020: Watford 2-1 Wolves – Premier League
September 28, 2019: Wolves 2-0 Watford – Premier League
April 27, 2019: Watford 1-2 Wolves – Premier League
April 7, 2019: Watford 3-2 Wolves – FA Cup
The last six meetings between the sides have been shared, with three victories apiece.