The 19-year-old, who has regularly captained the development side over the past two seasons, will spend the rest of the campaign at Brunton Park to help further his development.
The Scotland under-21 international has yet to make a Premier League start for the senior side at Molineux but did make his first-team bow in last season’s Carabao Cup win over Sheffield Wednesday.
Watt has appeared in all but two of the under-23s' Premier League 2 matches this season, making two assists in a 2-2 draw with Arsenal back in September. The midfielder’s only goal this season came from a brilliant free-kick against Morecambe in the Leasing.com Trophy.
Head of Academy, Scott Sellars, believes now is the perfect time for Watt to experience EFL football. “It’s a fantastic opportunity for Elliot because we feel he’s now ready for this move and needs to go and play ‘men’s football’ in a competitive league to further his development,” Sellars said.
“We feel going to Carlisle will be a great loan for him. Their manager, Chris Beech, is somebody I know well and has watched Elliot closely over a number of games and believes he will fit into their system very well.
“This will be a very good opportunity for Elliot, but we know he will embrace it and come back to Wolves an even better player.”
Watt, who featured against Carlisle in Wolves under-23s’ 4-2 victory at Brunton Park in the Leasing.com Trophy earlier this year, has spent the last few days with his new club as he prepares for life in League Two.
“I can’t wait to get started,” Watt said. “Luckily, Wolves have given me the chance to come up to Carlisle a couple of days earlier and get to grips with the new surroundings.
“I feel settled in and had a couple of training sessions already, but I just couldn’t wait to get out on loan and play games to almost prove myself to everybody that I’m ready to play men’s football.
“Making my debut last season in the Carabao Cup was a bit of a taster but having played in the Leasing.com Trophy this season, that has been a real eye-opener to what I can expect.
“We actually played Carlisle earlier in the season and that was one of my better games, so it’s just a coincidence that I have ended up going out on loan there.”
Currently lying 19th place in the fourth tier of English football, The Cumbrians will hope the talented midfielder and a vocal leader in the centre of the park will have an impact to help the side progress up the table.
“The gaffer at Carlisle has been great,” Watt added. “He came to see me a couple of weeks ago to get across what the club is like, how everything works and what they expect from me while I’m there.
“He said he would like me to go in there and have a massive impact and just be myself. Obviously, it’s not going to be easy, as I’m going to be playing against men, but he just wants me to play my natural game and have a positive impact on the team.
“Now my aims will be to learn as much as I can. I’ve been around senior pros a lot at Wolves, seeing how top players work day in, day out, but now I need to learn the other side of the game - what it’s like to be fighting from relegation like Carlisle are. For myself, I want to learn, as well as help the team get some results on the board and make our way up the table.”
