Neill Collins has signed a new four-year contract with Wolves as the club continue talks with Michael Gray.
Former Sunderland defender Collins had two years remaining on his previous deal, but will now stay at Molineux until 2012.
He had no qualms in committing his long-term future to the club and is hoping to help Wolves into the Premier League.
"Obviously I'm delighted," Collins told the club's official website. "Wolves is a club going places, there's no question about that, and hopefully I can play a real part in that.
"It's a good time to be at the club. We've got a good manager and with the way he is shaping the team we're not even close to our potential yet.
"We all want to be here when big things do happen and with all the strides the club have taken over the last two years I'm sure we're not too far away from that."
Meanwhile, Wolves are also discussing a new deal for veteran full-back Gray, who is currently out of contract at the club.