Or the humans would kill a wolf, and take her pups, and raise those, which would then be loyal to the humans.
They might be loyal to you. But my wife sure would not trust those wolves around our toddlers, and I doubt a cave-man-made fenced pen would be strong enough to reassure her. Additionally, and please don't take this the wrong way, I think the village chieftain would side with us against you regarding the safety of raising wild animals. This is part of the line of thinking leading to the idea that early man could not really domesticate animals, so the animals had to come to man pre-domesticated. However, since neither of us was there, we certainly can't know for sure.
Until one of the wolves decides to try and move up the pack hierarchy against your children and attacks them expecting it to give up.
And when you get old, they move against you.