Former head of Academy Sellars has been at Wolves since 2014 in a number of different roles, and most recently became general manager of football technical in the summer of 2020.
Executive chairman Jeff Shi said: “Scott has been at Wolves for many years, in many different and integral roles, and has a deep understanding of the club, our values and ambitions.
“Scott’s job is to support me, and to support Nuno, together with Matt Wild, whilst managing the technical aspects of our football departments, as well as retaining overall responsibility for our Academy.
“The change in title will not mean any changes to the way we work, the process of decision making, or the roles of his colleagues, as Scott has already been working as part of the core leadership team for some time. Nuno, Matt and I all know Scott well and already have a good working relationship among us.
"I think it’s a proper reward for his long-term contribution to Wolves and I look forward to more to come from him in the future.
“At Wolves it’s always about team work - building a stronger management team with chemistry is one of my key jobs.”