The goalkeeper puts pen to paper on a new deal that will keep him at the Club until the end of the 2019/20 season.
Burgoyne joined the Academy at 11 years of age and has been with Wolves ever since, progressing through the ranks before making his first team debut at Molineux in a Sky Bet Championship fixture against Fulham in December 2016.
The 21-year-old went on to make seven appearances for the Club in the 2016/17 season, including Wolvesā 2-1 Fourth Round Emirates FA Cup win over Liverpool at Anfield.
In recent seasons, Burgoyne has also enjoyed loan spells with Lowestoft Town, Corby Town, Telford United and Barnet to gain vital first team experience.
Speaking after agreeing his new terms, the young goalkeeper said: āIt feels really good to extend my time with the club. Wolves is on a massive high at the moment and theyāve got big expectations in the future so itās great to be a part of that.
āThereās been highs and lows over the last 18 months but itās good that Iāve got that first team experience behind me and itās great to see the lads doing really well this season.
āWeāve got a really good bond as three ākeepers. Weāve been really close to each other, treating each other with respect and giving each other advice.
āIāve been really happy working with the other goalkeepers this year and I feel like Iāve learnt quite a lot from them.
āObviously it was great last year to get the experience of playing but, when I was a little bit younger, a previous goalkeeping coach told me that, as a goalkeeper, youāve got to learn not to play.
āItās really important that, when youāre not playing, youāre doing all the right things off the pitch to make yourself better. And I think Iāve been doing that really well over the last few months, spending extra time in the gym. Work that I wouldnāt be able to do if I was playing.ā
Sporting Director, Kevin Thelwell, has been delighted with Burgoyneās progress over recent seasons and is looking forward to seeing him grow as a player.
He said: āHarry has been with us for a long time and continues to make excellent progress.
āLast season in particular he demonstrated how good he can be and despite limited opportunities this season his potential remains high.
āWe hope that this new contract demonstrates our confidence in him and gives him the time and space to develop into a first team starting goalkeeper at Wolves.ā