The 17-year-old, who was previously on the books of Manchester City, appeared for the under-18s at the back end of last season before suffering a back injury, which has so far kept him out of the current campaign.
Hesketh, who was pleased to agree contract terms until 2022, is now aiming to get back to full fitness and fight for his place in an under-18 side which have had a positive start to their U18 Premier League North season.
“It’s a very good feeling,” the Welsh under-17 international said. “I’ve been waiting quite a long time for this moment, so I’m really happy to finally sign.
“I came to the club at the start of this season, but I’ve already learnt a lot since being here. It’s obviously been tough moving away from home, but it’s football and you’ve got to make sacrifices to get to the top.
“It’s a big opportunity and I just have to get back fit, work hard and try to be the best I can be. Once I get back fit, hopefully I can play in some games, get back to form and then start to push up the ages and try to get into the first-team.”
Head of Academy, Scott Sellars, who knew Hesketh from his time working at Man City, believes the youngster has a large amount of potential to fulfil while at Wolves.
Sellars said: “Owen was only 17 last week so he’s very much at the start of his career, but now we’re looking more at the future and hopefully he’s going to deliver on his potential.
“He is a boy we were after for quite a long time, because we know his talent, and when he came in and played a couple of games for us last season, including one away at Manchester United, I thought he was the best player on the pitch.
“I’ve known him for a while and watched him play regularly before he left City, but he really earned himself the scholarship and now this professional contract, because we see the potential in him.
“Unfortunately, he’s had a back problem which he picked up at the end of last season, so he’s got a lot of fitness work to do, but he’s a very talented footballer, good physically, he’s tall and can run, but most of all can play.
“We’re really pleased Owen’s here, but he’s now got to work hard to get fit and get into the team as the under-18s are progressing really well, and then hopefully with a few games under his belt he’ll get flying and we’ll really see his potential kick on.”
