A true Wulfrunian, Bull was presented with the honour in the Mayor’s Parlour in the Civic Centre earlier this week.
One of just four living legends with the freedom of Wolverhampton, along with Beverley Knight, Denise Lewis and Hugh Porter, Bull has been recognised for his service and loyalty to Wolves during his football career.
The striker joined Wolves as a 21-year-old and went on to smash the club’s goal scoring record, netting 306 times in 561 appearances.
Only Derek Parkin and Kenny Hibbitt made more appearances in gold and black, and Bull helped the club to two promotions and the Sherpa Van Trophy in the late 1980s.
He also received international recognition while on Wolves’ books, making 13 England appearances, including four at the 1990 World Cup.
Since leaving Molineux in 1999, Bull has remained a key figure at the football club and around the city, assisting in various fundraising events and launching the Steve Bull Foundation.
"It is a great honour,” Bull said. “I have had some things in my life including the MBE and I have met the queen but this is one of the biggest things you can ever have.
"I have been in Wolverhampton for nearly 33 years and what is not to like? I have seen the ups and downs but now it is starting to pick itself up and I would like to be part of that.
"This has got to be one of the biggest achievements of my life.”