On the façade of the building we are currently viewing, we see a commemorative plaque bearing the inscription: "Battle of Callao, May 2, 1866." This was the naval action led by Casto Méndez Núñez, the Galician sailor and admiral of the fleet, at the head of the Spanish Navy, against the aforementioned Peruvian port. Two Granadan midshipmen named Rull and Godínez lost their lives in that battle.

In the 17th century, this square was very lively in winter, with the comings and goings of hunters on the slopes of the Sierra Nevada hunting wolves with snares and traps. This activity was not merely hunting, but also economically profitable. This was clearly reflected in ordinances issued by the Municipal Council, according to which "for each litter of wolves killed, a reward of one hundred maravedis will be given." Of course, these captures had to be presented, which were marked by cropping their ears to prevent the more "clever" from seeking rewards more than once for the same prey. The captured animals had to be brought to the house called the House of Wolves, because it was designated for this purpose. The square's name undoubtedly comes from this house.

Based on the expenses recorded in the Council's accounts, included in the section on these captures, it can be deduced that many years up to several hundred wolves were hunted, along with a similar number of foxes, for which the reward was lower. This practice of hunting these animals continued for a long time. It continued until relatively recently, because as late as 1950, the government offered financial rewards to those who captured wolves. Captured wolves had to be presented at the Civil Government offices on Gran Vía. Perhaps many Granadans still remember this event.