See Greed.
The wolf often symbolizes the shadow of male sexuality. Be glad to have had such a strong dream. You are powerful; you do not need to kill the wolf, hut you can dance with him.
In Steppenwolfy by Herman Hesse, the wolf becomes a symbol for the lonely seeker (and sufferer). Here it is not so much a reference to the meanness of the wolf, but rather the lonely search for the meaning of life.
In Christianity, the wolf is compared to the false prophet and heretic.
According to Jung, the wolf is wilder than the Lion and the Dog. Between 1910 and 1914, Sigmund Freud treated a patient who later would become famous as the “Wolfman.” As a small child this patient suffered from terrifying dreams about wolves, which was the reason why Freud gave him this name.
The earliest memories this man had about his nightmares involved six or seven White wolves that were sitting in a hazelnut tree in front of his window, and he was sure they had come to devour him. Freud here makes reference to two fairy tales: “Little Red Riding Hood” and “The Wolf and the Seven Little Goats.” In addition, Freud sees the wolf as a father substitute. As a young boy, the patient had observed his parents having intercourse from behind, and according to Freud, the patient transferred his repressed desire for sexual gratification by his father to a fear of wolves.
The female wolf symbolizes the nurturing power of nature, like Romulus and Remus, who were both nursed by a wolf. This is also the essence of the fairy tale “Little Red Riding Hood,” where the wolf is not only devouring Grandmother but he is Grandmother—the great mother symbol of wild nature.