Wolves have rewarded Jody Craddock's part in their Premier League survival by offering a new one-year contract to the veteran defender.
The 35-year-old confirmed last week that he wanted to continue playing for another campaign.
Now Wolves boss Mick McCarthy is to make the additional 12-month offer to the defender, who suffered injury problems last season, including a hip setback, before returning for the finale of the campaign to help keep Wolves in the top flight.
McCarthy said: "Jody is proven at the top level. He has proved that over the last few games of the season.
"His experience was vital to us at the end of the season. He has been as good as anybody.
"He is one that everyone looks up to with the way he conducts himself.
"He's brilliant. He shows such great professionalism. He is a humble guy who just comes in and does his work. He is fantastic."
Former Sunderland player Craddock joined Wolves eight years ago in a £1.75million deal.