After a solid first season, largely against the odds, Gary O'Neil has overseen a busy window that has seen plenty of Wolves new signings.
In the first month of the transfer window alone, Wolverhampton Wanderers signed three new players to add to their squad.
That represents a very ambitious start to the window for a side that finished 14th in the Premier League last term, and indicates the desire to reboot the squad.
Since then, however, Wolves have sold Pedro Neto and Max Kilman for huge fees, giving the club a transfer profit in excess of £60m this window.
Wolves new signings: Summer 2024 arrivals
🇵🇹 Rodrigo Gomes
SC Braga
£12.5m
🇧🇷 Pedro Lima
Sporting Recife
£8.5m
🏴 Tommy Doyle
Man City
£4m
🇳🇴 Jørgen Strand Larsen
Celta Vigo
Loan
🏴Sam Johnstone
Crystal Palace
£10m
🇧🇷Andre
Fluminense
£19m
🇫🇷Bastien Meupiyou
Nantes
£4m
🇵🇹Carlos Forbs
Ajax
Loan
Rodrigo Gomes (£12.5m, SC Braga)
Wolves moved quickly in the market to seal the transfer of SC Braga's flying right-winger Rodrigo Gomes.
Gomes, who spent 2023/24 on loan at Estoril, is a lightning-quick right-sided winger, who registered seven goals and seven assists in 30 appearances.
It was the 20-year-old's breakout season, having never made more than 10 starts in a season.
Gomes is a superb dribbler, ranking in the 97th percentile for progressive carries, and the 79th for successful take-ons per 90 minutes.
Impressively, a good chunk of Gomes' minutes came as a right-wing-back, allowing coach Gary O'Neil a great deal of tactical flexibility.
Gomes' arrival is seen as a replacement for the departed Pedro Neto.
Pedro Lima (£8.5m, Sport Recife)
Wolves' signing of Brazilian right-back prodigy Pedro Lima has been a real coup.
Fending off interest from Chelsea, 17-year-old Lima is expected to be allowed to fight for his place in the starting line-up immediately.
Chelsea had intended to loan the Brazilian under-17 international to sister club Strasbourg.
Speaking to Globo, Lima said:
“It wasn't a question of salary, of money, it was more a question of projecting my career. I think a lot about the future, I know where I want to go and I'm looking for the right paths towards my life's goals.”
If Lima can form a partnership with fellow new boy Gomes, the Wolves right side could be set up for a decade.
Jorgen Strand Larsen (Loan, Celta Vigo)
Another new signing in Wolves' flurry of activity is the addition of Norwegian striker Jorgen Strand Larsen from Celta Vigo.
Initially joining on a temporary deal, with an initial £2.5m loan fee, Strand Larsen will become a Wolves player permanently for a further £23m, if certain clauses in the two clubs' agreement are met.
Strand Larsen is a physically imposing forward, standing at over 6ft4in. He scored 16 goals for Celta Vigo last season, including 13 in La Liga.
The 24-year-old, formerly of Groningen, is excellent at getting on the end of chances, as evidenced by his 0.47 non-penalty expected goals per 90 minutes.
That ratio puts him in the 74th percentile among other strikers in Europe's top five leagues and will assure Wolves that his goal-scoring was not just a flash in the pan.
Wolves have hedged their bets intelligently here. They get Strand Larsen for a year at a low cost, but if a market opportunity of higher quality were to arise, they would not be forced to buy him.
Tommy Doyle (£4m, Manchester City)
After gradually playing more and more minutes as the summer wore on, Tommy Doyle will make his loan move from Manchester City permanent.
The energetic midfielder, who won the 2023 European Under-21s Championship with England, will pen a fresh four-year deal.
City retain 50% sell-on and buy-back clauses, but at £4m, this could prove a real snip for the 22-year-old.
Sam Johnstone (£10m, Crystal Palace)
Wolves chased Aaron Ramsdale, but were ultimately priced out of a move for the former Arsenal goalkeeper.
Sam Johnstone has joined for £10m instead, and the former Crystal Palace stopper is expected to compete with Jose Sa for the number one spot.
Andre (£19m, Fluminense)
Wolves have added a fourth player to their Brazilian contingent, in the form of 23-year-old midfielder Andre.
Joining for £19m from Fluminense, Andre is very highly rated in his home country, having won the coveted Copa Liberatadores.
In his announcement, Wolves sporting director Matt Hobbes comparing him to compatriot Joao Gomes, adding “we think he’ll thrive in the Premier League”.
A bedding-in period for such a life-changing move is necessary, but time will tell if Hobbes' words ring true.
Bastien Meupiyou (£4m, Nantes)
A similar signing to Lima, Wolves have secured exciting 18-year-old centre-back Bastien Meupiyou for £4m.
Joining from Nantes, Meupiyou is a truly modern player, capable of playing left-back and defensive midfield roles as well as at centre-back.
The Frenchman is certainly one to watch in the coming years at Molineux.
Carlos Forbs (loan, Ajax)
Another player vying to replace Neto will be Carlos Forbs. The Portuguese winger spent last season at Ajax, after joining from Manchester City's academy.
In his final season in Premier League 2, the now-20-year-old scored 21 and assisted 12 in just 24 games. Things have not gone according to plan for him at Ajax, however, with just 14 starts in all competitions last season.
However, the Dutch giants had an awful season overall, and hopefully, Forbs will benefit from a return to the familiar shores of England. He joins for a £2.5m loan fee, with an £11m purchase option.
Confirmed Wolves departures in Summer 2024
Max Kilman (£40m, West Ham United)
Wolves have sold captain and central defender Max Kilman to West Ham for an enormous £40m, a fee too large for Wolves to turn down for the 27-year-old.
Kilman clearly made quite an impression on Julen Lopetegui while the Spaniard was in charge at Molineux in 2022/23, and the new West Ham boss has splashed out on his former charge.
The Englishman is a physically imposing presence. Thanks to his left-footedness, he is valuable in build-up. He will take some replacing.
Kilman joined from Maidenhead United in 2018 for £40,000. The National League side are set for a £4m payday, thanks to a 10% sell-on clause in their deal with Wolves six years ago.
Across his six seasons, Kilman made 150 appearances in Old Gold, scoring three goals.
Pedro Neto (£54m, Chelsea)
Despite persistent links to two north London clubs in Arsenal and Tottenham, Pedro Neto has ended up in west London, with Chelsea.
The Portugal international has left Molineux for Stamford Bridge for a base fee of £54m, plus add-ons.
While Wolves will be sad to see arguably their most talented player leave, they will feel well-compensated by a £54m fee.
For all his talents, the 24-year-old has only made more than 18 starts on one occasion since his 2019 arrival. It is now up to the recruitment team to reinvest their hefty windfall wisely.
Bendeguz Bolla (Free transfer, Rapid Vienna)
After joining for just under £2m in the summer of 2021, Hungarian international right-back Bendeguz Bolla will depart Molineux without having made a single appearance in Old Gold.
The 24-year-old has spent the last three seasons on loan in the Swiss Super League, with spells at Grasshopper and, most recently, Servette.
Despite an impressive attacking output of five goals and four assists, the signing of Lima largely blocked Bolla's path to the first team, so he was released.
Competing for his nation at Euro 2024, Bolla spent less than 24 hours as a free agent, being quickly snapped up by Austrian side Rapid Vienna.
Louie Moulden (Free transfer, Crystal Palace)
Former England youth international Louie Moulden has moved to Crystal Palace following his contract's expiration.
The 22-year-old did not make a senior appearance for Wolves following his 2021 move from Manchester City's youth setup.
Moulden spent 2023/24 at League One club Northampton on loan.
Hugo Bueno (Feyenoord, loan)
Spanish left-back Hugo Bueno has joined Dutch giants Feyenoord for the 2024/25 season.
Bueno, 21, has made 43 Premier League appearances since breaking into the side as a teenager under Bruno Lage’s management.
But last season, Bueno found regular minutes hard to come by with Rayan Ait-Nouri playing superbly on the left.
The Spaniard will hopefully be a regular at De Kuip, and return to Molineux a better player.
Nathan Fraser (Zulte Waregem, loan)
Ireland under-19 international Nathan Fraser has left Wolves on loan, seeking his first regular starts in senior football in Belgium with Zulte Waregem.
Fraser made seven appearances from the bench last season, and boasts a solid scoring record at youth level.
Ki-Jana Hoever (Auxerre, loan)
After 18 months at Stoke City, Ki-Jana Hoever is trying his hand in Ligue 1 with newly-promoted Auxerre.
The talented Dutchman will hope to make another step up, with a view to becoming a regular at Molineux.
Tawanda Chirewa (Derby County, loan)
The 20-year-old Tawanda Chirewa has joined Derby County on loan, as he seeks to make an impact in the Championship.
The former Ipswich man made 10 appearances from the bench last season, including an impressive cameo against Arsenal.
The Zimbabwean international also scored five goals in seven Premier League 2 appearances. If his loan goes well, he could become an important player for Wolves.
Joe Hodge (Huddersfield Town, loan)
Another of Wolves' loan contingent is Joe Hodge, who has joined Huddersfield Town on loan.
The 21-year-old Irish youth international has been a regular in Wolves' cup sides, but has not been able to break into the starting XI.
Fabio Silva (Las Palmas, loan)
Four years on from his £34m move from Porto, former Football Manager wonderkid Fabio Silva is set to embark on his fourth loan spell, this time to Las Palmas.
The Portuguese striker has not developed as was hoped at Molineux, with just five goals in 72 appearances.
Chiquinho (RCD Mallorca, loan)
Tricky winger Chiquinho is making the step up to La Liga this season, with a loan spell at RCD Mallorca.
The 24-year-old impressed at Famaliciao in Portugal last season, but his minutes would have been limited at Wolves this season.
Chem Campbell (Reading, loan)
Welsh youth international Chem Campbell is headed back to League One this season after showing potential at Charlton Athletic last season.
The striker, who has made eight appearances for the Old Gold, will spend 2024/25 at Reading.