documentclass{article}

usepackage{listings}
usepackage{wrapfig}

lstset{breaklines=true}

begin{document}

begin{wrapfigure}{r}{0.5linewidth}
  Lorem ipsum dolor sit amet, consectetur adipiscing elit.
end{wrapfigure}

Etiam ac quam dui. lstinline{test}

end{document}

Package wrapfig Warning: wrapfigure used inside a conflicting environment on input line 14.