In 1870-72, John Marius Wilson's Imperial Gazetteer of England and Wales described Wool like this:
WOOL, a parish, with three hamlets, in Wareham district, Dorset; on the river Frome, and on the Southampton and Dorchester railway, 5½ miles W by S of Wareham. It has a post-office under Wareham, a r. station, and a fair on 14 May. Acres, 2,550. Real property, with Coombe-Keynes, £3,743. Pop., 590. Houses, 117. The manor belongs to J. Weld, Esq. A Cistertian abbey was founded at Great Bindon, in 1172, by R. de Newburgh. The living is a vicarage in the diocese of Salisbury. Value, £80. Patron, the Bishop of S. The church was restored in 1866.
GB Historical GIS / University of Portsmouth, History of Wool, in Purbeck and Dorset | Map and description, A Vision of Britain through Time.
Date accessed: 30th March 2017
Click here for more detailed advice on finding places within A Vision of Britain through Time , and maybe some references to other places called " Wool ".