Wolves are delighted to reveal that the first two legends to be inducted into the club's new Hall of Fame are Steve Bull and Derek Parkin.
Steve and Derek, famously nicknamed 'Bully' and 'Squeak' in their hugely successful playing days, are two of the six illustrious club legends selected by a specially-formed panel who discussed a deluge of nominations from Wolves' supporters.
The inaugural entrants into the Hall of Fame are to be announced in reverse chronological order with Steve - the club's record goalscorer - and Derek - Wolves' record appearance maker - occupying the first two berths.
For the inaugural year, Wolves' history was split into six sections for the selection process with Steve filling the 1991-present day section and Derek the period from 1960-1990.
For the 1946-1960 era two greats have been selected to mark Wolves' outstanding achievements of the time and these will be revealed next week.
The final two inductees from the periods 1877-1915 and 1919-1945 will then be announced on December 18.
The six inductees are to be honoured at the inaugural Hall of Fame dinner on January 15 which promises to offer not only an evening of top quality entertainment but also a Wolves-filled trip down Memory Lane. (Click here for details of the dinner).
The club meanwhile are also continuing to examine ways to record the Hall of Fame inductees' achievements in a more lasting and permanent form in the future.
"We are delighted to announce that the first two inductees into the Hall of Fame are to be Steve Bull and Derek Parkin," said Wolves' CEO Jez Moxey, who chaired the selection panel.
"From the moment we announced details of the setting up of the Hall of Fame we have been swamped with nominations from supporters who quite clearly shared the view that we need to honour some of the achievements of Wolves' illustrious history.
"The nominations certainly provoked some lively and constructive debate at our first selection meeting but Steve and Derek featured heavily in supporters' thoughts and their place in the Hall of Fame is thoroughly deserved.
"We offer them our sincere congratulations, and look forward to announcing more of the first inductees over the coming weeks."
The selection panel of which Jez is chairman also includes Wolves' long-serving club secretary Richard Skirrow, former goalkeeper and current Chairman of the Former Players' Association Malcolm Finlayson, Express & Star chief sports writer Martin Swain, former Express & Star sports editor and renowned author on Wolves Steve Gordos, two representatives from the Fans' Parliament and indeed Derek Parkin himself.
It has however to be pointed out that Derek left the committee room during the time his own nomination was being discussed.
Wolves' historians John Hendley and Graham Hughes were also on hand to offer support and advice.
And both are certainly full of praise for the two first recipients.
"Steve is a living legend among Wolves supporters and has broken all the club's goalscoring records," said John.
"On top of that, he stayed loyal to Wolves when there were chances to perhaps go and try his luck in the top flight.
"Derek was 'Mr Consistent' in the left back slot.
"With a price tag of £80,000, he might have been the costliest full back of his time but what a bargain it turned out to be with the service he gave to the club."
Graham added: "Steve was an out-and-out centre forward who would have scored goals at any level.
"If you got the ball through to him it usually finished up in the back of the net - he could make goals from anything.
"I remember meeting him in the dressing room on the day he signed - little did we know he would go on to become the club's record goalscorer - he really was one of the great Wolves centre forwards.
"Derek was a very classy left back who probably deserved to play for England.
"He played his a part in a Wolves defence that picked itself week-in week-out - Parkes, Palmer, Parkin, Munro, McAlle."
Steve Gordos, a close and keen observer on the careers of both Steve and Derek, offers his own fascinating insight.
"Ronnie Allen made some astute signings for Wolves and among the best was Derek Parkin," he said.
"Think of the Geordie and you think of tenacity and style in keeping with the tradition of good full-backs produced by Huddersfield Town from whom he was signed.
"Like all top class players he seemed to have that extra bit of time on the ball, he had a fine football brain.
"He was one of a new breed of full-backs, every bit as skilful as the midfield men, able to read the game but no slouch in the tackle.
"It says everything for his consistency that he chalked up a record of 501 League appearances for Wolves, overtaking the previous record set by Billy Wright.
"As well as two League Cup winner's medals, five under-23 caps came Parkin's way and it was always a mystery to Wolves fans why he never received full England recognition. He was undoubtedly good enough."
And Bull?
"Strikers are born not made and there was never better living proof of that old football adage than Steve Bull," adds Steve.
"Apart from the instinct to be in the right place at the right time, he had speed and power and the ability to score spectacular goals as well as tap-ins.
"If one could argue about whether Derek Parkin was Ronnie Allen's finest signing there could be no disputing that the best bit of business Graham Turner did was to bring Bull to Molineux.
"Bull's arrival came when Wolves had almost hit rock bottom and it was his goals that lifted them from the depths.
"As the club won the Fourth Division and Third Division titles in successive seasons, Bully totalled a half century of goals each time in first team games. No player before had done that in successive seasons.
"His goals, 100 per cent effort and loyalty to the club are what made him a cult hero and he proved he could play at the highest level by scoring goals for his country as well."
As for the men themselves news of their entry into the Hall of Fame has come as a great honour.
"I was lost for words to be honest," said Derek.
"It's such a great honour to be recognised.
"To be among the first group of players to be inducted into the Hall of Fame and to be in what will be such illustrious company is unbelievable.
"You dream of something like this happening particularly as down the years there have been some wonderful players for Wolves.
"I had a great career at Wolves and the fans always gave me tremendous support and I'm just so grateful that some of them decided to nominate me."
Bully also admitted it is an honour to be among the first set of inductees.
"A lot of clubs tend to forget what players have done in the past but Wolves realise and appreciate the efforts of people in getting the club to where it is," he said.
"They say things happen in threes. Well I was thrilled when Wolves named a stand after me and again when I was made a Vice-President - to be in the Hall of Fame is the icing on the cake.
"Although it's now almost 10 years since I retired I've still got a great relationship with the fans and would like to thank all those who nominated me."
* CLICK here for the dinner details including how to book your place.
* CLICK here for a look back at the Wolves careers of Derek and Bully.
