The Wolf was part of the 6th Torpedoboot flotilla at the outbreak of the war and used for mine laying operations until Spring of 1940. The ship took part in Operation "Weserübung" in April 1940  and was transferred to the Channel in fall of 1940.

Damaged by a mine north of Dunkirk on 08.01.1941, it sunk at 51°05'N, 02°08'E.