If you want to wrap the drum without making the heads fit tighter, than don't wrap all the way to the bearing edge. Anytime I wrap drums, I measure in from the bearing edge and put small marks around the perimeter of the drum with a pencil. I find that 5/8" (or 10/16" to make it easy when marking) is just about right. That's where most heads come down to, at least Remo anyway. You can do your own test with your own heads by simply assembling the drum, putting the head on with a medium tension, and then tracing with a pencil where the head is on the shell (how far it comes down towards the center of the shell). Again, it's typically about 5/8" (10/16") from the bearing edge. Then simply measure the width between the marks and cut the wrap width accordingly. As an example, an 8" deep drum would only require 6 3/4" width of wrap, taking into account you're taking 10/16" off of each side. As an aside, isn't odd that most drums aren't exactly the depth they are listed to be? I've seen many 8" x 10" toms they were anywhere from 7 3/4" to 8 1/2" deep!
After I make my marks by measuring in from the bearing edge, I put wide painter's tape on the shell at the point where the marks are and up (towards the bearing edge), leaving only the part of the shell that is going to be wrapped exposed. That way, it protects the bearing edge and the "bare" part of the shell (that is going to be unwrapped) from the glue. Then wrap as normal. When the wrap is on and dried, take the painter's tape off, and PRESTO! No matter how thick the wrap is, the heads will still have plenty of room to resonante and "float" on the shell. And, you or anyone else will never be able to tell that the wrap doesn't go all the way up, because the head completely covers the bare, unwrapped part of the shell.
Hope this helps!