Wolves have completed the signing of Karl Henry from Championship rivals Stoke after the two clubs agreed a compensation fee.
Midfielder Henry was Stoke's longest-serving player
Wolves will pay an initial fee of £100,000 for the out-of-contract 23-year-old midfielder and a further £75,000 depending on appearances.
A 15% sell-on clause has also been negotiated for former England Under-20 international Henry.
Henry is set to sign a three-year deal with the Molineux club.