Bischoff played seven games for Wolves last year
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Manchester City centre-back Mikkel Bischoff has returned to Wolves on loan until the end of the season, with a view to a permanent move.
The 23-year-old Dane impressed during a loan spell at Molineux earlier in the campaign when Dave Jones was in charge.
Wolves chief executive Jez Moxey said: "We have paid a significant loan fee for Mikkel, which would be deducted from any full transfer fee.
"We think this is sensible as Glenn Hoddle wants to assess the player."
Bischoff had also attracted attention from West Ham and Nottingham Forest in recent weeks.
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