Wolves teenager Matt Doherty has put pen to paper on a new deal to keep him at Molineux until 2014.
The young right-back, a £70,000 arrival from Irish club Bohemians in July 2010, impressed for the Midlanders in their 5-0 Carling Cup thrashing of Millwall on Tuesday night.
Manager Mick McCarthy has rewarded him for his progress at the club by signing him up for another two-and-three-quarter years.
McCarthy, who likened Doherty to key defender Kevin Foley, said: "Matt has just signed a new contract and I'm delighted with him.
"He was as good as anybody on the pitch last night at right-back.
"He was great and his use of the ball was as good as anybody's. He reminds me a lot of Kevin Foley in the way he plays.
"He had another really solid and mature performance."
Doherty, who has made three appearances for Wolves, all in cup competitions, believes a stint on loan in the Championship would benefit his development.
He said: "I guess it's down to my agent to find a club to take me on loan! No one has come in for me yet.
"Maybe there was someone watching last night and I think the gaffer wants me to go out on loan now.
"I want to play every week so, if I could play in the Championship, I feel I would improve massively."