Well, the question is almost already all in the title.
I wonder if the 3.3V from ESP8266's GPIO would be able to drive directly a relay shield like this one :
http://www.ebay.fr/itm/5V-4-Channel-Rel ... Sw3utY7wk4
In fact, the ESP8226 has only to drive the first stage which is a LED from the Opto-isolator.
Has anybody tried it before to say if it need a level shifter or not ?