Wolves boss Gary O'Neil is delighted with Hugo Bueno's new deal.
O'Neil is also hopeful of Hwang Hee-chan will follow suit.
On Bueno, he said: "I think its fantastic for us, he's a player who has come through the academy, he's been successful and deserves a contract.
"It'll be good to get him back in and push the boys in the starting XI. I'm really pleased he has secured a full time deal. I'm really pleased the club has secured a player from the academy."
On Hwang, he said: "I'm hopeful. There's no real update. The club is in talks with Channy [Hwang Hee-chan], I'm a huge Channy fan. He's been incredible for me since I've arrived. His work ethic, the way he does what you ask with a smile, his grit and determination. Hopefully we can secure his services."