Jody Craddock is set to extend his stay at Wolves into a 10th year after being offered a new 12-month deal.
The veteran defender, 36, was out of contract this summer but has been involved in training as the club's squad gear up for the start of the new campaign, albeit not figuring on this week's pre-season tour of Ireland.
New boss Stale Solbakken is on the lookout to strengthen his defensive options, but that has not stopped him handing a new one-year contract to Craddock, who will now get a testimonial next summer.
Craddock will likely act as cover rather than a first-team regular as Wanderers aim to return to the Premier League at the first time of asking, while he is also set to play a coaching role in the club's Academy and act as an ambassador.
Solbakken told Wolves' official website: "Jody is a player with a lot of experience and knowledge and can be a very good example to the other players in the squad.
"It is good to have him as cover but also important that he will be able to do other things within the club as well to pass on all his experience."