The pair made almost 900 appearances and scored over 400 goals for the Molineux club between them in a glittering career.
They will appear in a special show called 'Bull and Mutch Reunited' at the Cleveland Arms pub on Stowheath Lane on Thursday September 24 – and a big demand for tickets is expected.
It's the first time Bull and Mutch have done a show of this nature and it comes almost 30 years since they moved to the club.
Bull said: "It will be great to see 'Mutchy' again, we haven't done a show like this before so we're looking forward to seeing everyone.
"I've done a lot of after dinner speaking on my own, but this will be the first time we have been together like this and we've got a load of stories to tell on the night."
Mutch, meanwhile, said: "We had a great time at Wolves and I'm really pleased and honoured to be doing a night like this.
"It will be nice to talk about the good times we had and some of the inside stories from the dressing room are well worth a listen, believe me!"
William Adamson, of the Cleveland Arms, said: "This will be the fourth celebrity football night to be staged at 'the Cleve' and we are delighted to welcome Steve and Andy.
"The response to our nights with Jan Molby, Ron Atkinson and more recently Micky Quinn has been excellent – and I'm expecting a massive demand for tickets for this latest show."
Tickets are available priced £10 standard – and a VIP package is available for £20 per ticket.
The latter includes a signed photograph with Bully and Mutch, light buffet and priority seating. Only 40 of these are available.
Call the Cleveland Arms on 01902 451021 to secure your place or go to www.sportstalkevents.co.uk and book online at the booking office.