Polish international striker Tomasz Frankowski has completed a £1.4m move to Wolves.
Frankowski should make his debut on Sunday
Frankowski, 31, has signed a two-and-a-half year contract after joining Glenn Hoddle's squad from Spanish second division side Elche.
He is set to make his debut in the FA Cup fourth-round tie against Manchester United on Sunday.
Chief executive Jez Moxey said; "I'm pleased we have finally got the man Glenn wanted."
Frankowski has won 15 caps for his country and scored eight goals for Elche this season.
The decision to sell the striker caused Elche president Ramon Sanchez to resign.
Moxey said: "This is a player that Glenn has coveted for a long time.
"Despite his age, the manager assures us Frankowski is the missing link to give us the opportunity to get into the play-offs and hopefully win promotion."
Wolves are currently four points away from a play-off place.