Georg Margreitter has completed his exit from Wolves as the club confirm the signing of teenage striker Bradley Reid from Wrexham.
The Wales under-19 international, aged 17, signed for the Molineux club tonight but is now likely to return to the Red Dragons on loan.
Wolves' head of football development & recruitment Kevin Thelwell said: "Bradley is a player who is similar to the signings of the young lads announced last week.
"He will go in with the under-21 group when he arrives, but can also play at under-18 level. He is actually a player who we nearly signed at under-16 level after he’d been scouted by Alan Travis.
"Unfortunately at that stage he suffered an injury but we have monitored his progress ever since. We are delighted to have agreed a deal with Wrexham to bring him to the club.
"We are confident he will continue to develop.”
Centre-back Margreitter has joined FC Copenhagen on a season-long loan, subject to international clearance.
The 24-year-old Austrian will link up again with former Wolves manager Stale Solbakken, who brought him to England just over a year ago.
Meanwhile, Wolves defender Jamie Reckord today joined League Two side Plymouth on a three-month loan deal.