The Cherries go to Molineux on Saturday.
Iraola said today: "I think it is going to be a good game because they are in their best moment of the season. They come with the last four with no losses.
"They had a difficult start but they faced only top teams.
"We have to be ready for a very good team. This week we are facing three opponents - Wolves, Spurs, Ipswich. The three of them are now probably in a very good moment and a good run, so we will have to be also at that level."
Asked if Bournemouth have a yellow card problem, Iraola also said: "No, I think there are some clubs with more yellow cards than us. But it is true, the way we play sometimes, when you press aggressively you risk arriving a little bit late and sometimes you have to accept the yellows.
"When those are the cases I have no issues, sometimes you have to take a yellow because it is a very dangerous situation.
"Dissent or touching the ball when you shouldn't, these types of yellows we should avoid."
- Get breaking football news faster with the new Tribal Football app! Download now on iOS and Android to stay ahead of all the latest transfers and football updates. Download now: App Store, Google Play