Joao Moutinho has signed a new deal to stay on as a Wolves player for the 2022-23 campaign.
The Portugal international had become a free agent on July 1 when his previous contract at Molineux expired.
He had been tipped to join a new club, but Wolves confirmed on their official website on Monday that the 35-year-old has agreed a new one-year deal.
Talks over fresh terms had dragged on as Moutinho was reportedly holding out for a two-year extension, but Wolves director Scott Sellars is pleased an agreement was reached.
Cracking open another bottle. pic.twitter.com/UQipZRe3WJ— Wolves (@Wolves) July 4, 2022
"In Joao's time at the club, he's been vital, bringing real experience and quality to the group, so to get him re-signed is a massive boost for us," Sellars said.
"With contracts, it's about getting to a place where everybody's happy, the club and the player, and it isn't always easy.
"But in the end what matters is the outcome and we're very happy with it.
"He's a huge influence in the dressing room, with the younger players, and sets standards that they follow."
Moutinho is heading into his fifth season as a Wolves player and has already chalked up 176 appearances for the Premier League side, 39 of those coming last season.