Veterans, the Band of the West Midlands Fire Service, cadet units and personnel from RAF Cosford, HMS Forward, 210 Battery and 4 Mercians will be in attendance at the outdoor drumhead service.
They will be joined by civic dignitaries, including the Mayor of Wolverhampton, Councillor Greg Brackenridge, who will lay wreaths after observing the nationwide 2 minute silence at 11am.
There will be limited space for members of the public to observe the service from around the perimeter of the square.
Any member of the public who wishes to lay a wreath at the cenotaph can do so at the end of the service.
Councillor Brackenridge said: “Wolverhampton is a city with incredibly close connections to our armed forces community and Remembrance Sunday is a solemn occasion where we remember the brave men and women who have given their lives and sustained physical and mental injuries whilst protecting and serving our communities and country - as well as their families.
“It is important that we stop and remember those who have made the ultimate sacrifice, not only to honour their sacrifice, but also to remember the horrors of war and the danger those in our armed services continue to put themselves in for our country.
“With the pandemic not over and infection rates still high, we have made the decision not to have a large parade through the city centre this year, but I am delighted that armed forces personnel will be in attendance at the service.”
The Royal British Legion has also arranged a service to take place at the cenotaph in St Peter's Square on Armistice Day on Thursday 11 November which starts at 10.40am.