Loose brass heater block
The silver looking cylindrical nut (with the flat faces) between the brass block and the black metal plate is the heat break of the assembly. The brass block should be tightly fit to this heat break. You could turn the brass block to get a close fit again. The heat break itself can move in the upper part, black plate, the cold end by the set screw on the side. Some hotend assembly types allow that, this screw is then used to fixate the orientation of the brass block. This type of hotend is not very common, it is a MK10.

Without the brass block it looks like this:



Maybe this clears it up how the block is attached in between the heat break and the nozzle; it is positioned where you see the threads. The screw to position the brass heater block and the heat break is clearly visible.

Don't try to wobble the brass block any further as you will wear out the threads, there appears to be a lot of play already.