The 17-year-old right wing-back, who became the second youngest player in Northern Ireland under-21’s history when he played against Finland last month, has signed a deal with the club until 2022.
Scott joined Wolves during the summer as a first-year scholar, becoming a key player for Steve Davis’ under-18 side, making six appearances for the team so far this season.
Davis was delighted for Scott to have signed his first professional deal, saying: “We’re really pleased to offer the contract to Jack as he’s had a really good start to his time as a scholar and now as a pro.
“Jack left Northern Ireland to live here, and his family came over to see him sign his first professional contract, which is always a special time in a young footballer’s career.
“Now the aim will be for him to keep developing, keep learning and keep listening, but he’s a good lad and hopefully he can keep pushing on this season and build on the start that he’s had.
“As a 17-year-old, it would be a great achievement if he could make some appearances for the under-23s this year, and if he can do that, we will see what comes the following season.
“But it’s important that he’s settled in well and is happy off the pitch, which is showing in his football, and hopefully that can continue.”