The helicopter landed in Windsor Park after emergency services were called to a home in Pinfold Lane at around 8.50am on Wednesday.
Paramedics treated the injured man at the house before he was taken to hospital for further treatment.
Police were also called, including armed officers, however the injury is believed to have been self-inflicted.
West Midlands Police said the man's injuries were not life-threatening.
A spokesman for West Midlands Ambulance Service said: "We were called at 8:47am on Wednesday to a patient at a private address on Pinfold Lane, Wolverhampton.
"We sent one ambulance, a paramedic officer and the Midlands Air Ambulance from Cosford.
"On arrival, we found one patient, a man. He was treated at the scene and was conveyed to hospital for further treatment.”
Support from the Samaritans is available on 116123 or via samaritans.org.