The former Porto boss guided Wolves out of the Championship during his first year in charge at Molineux before helping them qualify for the Europa League in their first season back in the Premier League - and they may better that achievement once this season is concluded.
Where they stand
Nuno's men are currently sixth in the Premier League table after picking up 43 points from their first 29 matches.
They have lost just two of their last ten matches, and they are real contenders in the Europa League too.
Wolves also have a realistic opportunity to win the race for fourth place, with just five points separating them and the current occupiers of fourth spot Chelsea.
Manchester United are also in the hunt, but Wolves are in form and have momentum.
What's left to play for?
Wolves continue to defy the odds under Nuno, with the Portuguese coach reluctant to use a big squad.
He continues to get the best out of a small group of players and Wolves' fitness levels have got them out of trouble on several occasions. As well as the Europa League, Wolves will want to qualify for the Champions League, and they have every chance of pipping Chelsea and Manchester United to the fourth spot.
Wolves' 3-2 win against Tottenham this year was a result that caught the eye, but it does not match their 2-0 win over reigning champions Manchester City.
Wolves travelled to the Etihad Stadium in October, and they gave Liverpool the advantage they craved after two late goals in Manchester.
Adama Traore opened the scoring in the 80th minute, and he grabbed a second 14 minutes later on what was a special afternoon for the Midlands outfit.
This award could go to several candidates with so many of Wolves' squad stepping up to the plate.
Conor Coady has been a rock at the heart of Wolves' defence, while Jonny Castro continues to go under the radar. Diogo Jota, Ruben Neves and Traore remain key to the midfield, but striker Raul Jimenez takes the star man prize for us.
The Mexico international has scored 13 league goals in 29 appearances, and he has proven he is not a one-season wonder. He also has six assists to his name, and he continues to play to a high standard each week.