Wolves have confirmed a deal has been agreed to sign Iceland international Eggert Jonsson for an undisclosed fee from Hearts.
Jonsson has accepted a three-and-a-half year contract at Molineux and will officially complete his move to the Premier League club on 1st January.
The 23-year-old midfielder, who has made over 150 appearances during his Hearts career, has been a long-term target for Wolves boss Mick McCarthy.
He can also play in a variety of positions and McCarthy is confident Jonsson will be a good addition to his squad after he watched Tuesday's 2-2 home draw with Norwich City.
"We've been watching Eggert for a long time and he has impressed Dave (Bowman) and our scouts up there," McCarthy told the club's official website.
"He's a versatile midfield player who can play in a number of positions comfortably and will be a good addition to the squad.
"He's a good player now but he's also one of those at an age where he has got more improvement in him and should get better and better. And playing alongside better players in a better league will only help him in that respect."
Regarding his move, Jonsson commented: "I'm really pleased to be here and looking forward to getting started.
"I'm looking forward to getting into training and then fighting to get into the team. Hopefully I can bring something to the squad and help the club.
"It's all happened fairly quickly for me. It was last week when I first heard of it and then it was a case of coming down for the medical.
"It happened quickly and as soon as I knew of Wolves' interest I was really excited and saw it as a great opportunity.
"I've been up in Scotland for a long time and feel ready to take the next step. Wolves is a great club for me to do that so hopefully I can get into the team and keep improving."