Young forwards Liam McAlinden and Robbie Parry have put pen to paper on new contracts which see them tied down to the club until 2015.
McAlinden has continued the progress made in the Academy whilst in the Development Squad while Parry has signed his first senior contract having also come through the youth ranks at Molineux.
Both deals are for 18 months with a further year’s option in Wolves’ favour.
Striker McAlinden, 19, joined the Academy as an eight-year-old, and has been among the goals ever since.
Top scorer in the first group stage of this season’s Under-21 League with nine, he has also progressed through the international ranks to achieve Under-21 honours with Northern Ireland.
Parry, 18, predominantly a winger, has been with Wolves since joining from Wrexham at the age of 14, and has made good progress, as well as being capped by Wales at Under-19 level.
“We are delighted that Liam and Robbie have signed new deals and committed their futures to Wolves,” said Wolves Head of Football Development and Recruitment Kevin Thelwell.
“For Liam it is his second professional deal and recognises his continued development which has seen him impress in the Under-21 league this season.
“Robbie has been showing plenty of promise in the Academy, and with a first senior deal under his belt can now look forward to aiming to make his mark at reserve team level as well.
“As we always say when young players sign new deals, it is a case of congratulations and well done, and then the hard work starts once again.
“Like any young player the ambition for Liam and Robbie is to go all the way to the first team and they now have the security to continue on that journey.”