Julen Lopetegui is the new manager of Wolves.
Bruno Lage was fired on October 2 after just one game in charge.
He will start work on November 14 when he takes charge of Wolves after the final game of the league season.
Steve Davis is still in charge of the match.
"Julen is a top coach, with excellent experience at an elite level of the game, and we are very pleased to have agreed a deal to bring him to Wolves."
Julen has been our number one choice to manage Wolves since the beginning and we look forward to welcoming him and his team when they join us.
Two years after leading Sevilla to a record sixth Europa League crown, Julen Lopetegui was fired as the club's coach.
The 56-year-old Spaniard turned down the chance to join Wolves due to personal reasons.
Wolves were back to square one after Queens Park Rangers boss Michael Beale's last-minute commitment to the Championship club sent them back to square one.
Caretaker boss Davis received public backing from chairman Jeff Shi to oversee first-team matters through to the end of the year but, with Wolves in the midst of a fight to stay in the top flight, efforts to sign Lopetegui were resuscitated.
James Collins and Tony Roberts assisted Davis in taking charge of the first team after Lage was fired.
Since Lage left, Wolves haven't won a game and have only one point under Davis.
Sky Sports News spoke to a Spanish football expert.
One of the good Spanish coaches is lopetegui. A famous coach in Spain has a lot of experience with Real Madrid, the Spanish national team and Porto.
He is an expert coach and knows how to set up and play different types of games.
He wasn't given much time at Real Madrid. After only four months there, he said he couldn't work because the club wouldn't let him do what he wanted.
He is going to do well in the premier league because of his experience
The question about how he might adapt to a fight for survival is a good one.
Sevilla, the Spanish national team and Real Madrid are some of the teams that he has been associated with.
He is a great coach in the psychological part of the job. Monchi, the director of Sevilla, once asked him about the three main virtues and he said that Lopetegui is a great competitor and is very good at managing groups.
"So, he's arriving at a perfect moment for Wolves, not because of their sporting moment but because he can change the mentality of the locker room and the group."
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Speaking to Sky Sports News.
He is a 4-33 lover, even though he played 4-2-3-1 at Real Madrid. He likes to play with three players in the middle and a number nine who is usually the one to leave space for the forwards to attack.
Adama Traore would be a good choice for the right wing position with either Diego Costa or Raul Jiminez.
He loves to have possession of the ball and he likes to attack. Football is the one that can have results according to him.
"If you're asking if he can get Wolves moving up the table, then yes, he can." I'm not sure if Wolves can win titles in the next two or three years, but I think he can change the way they play.
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The premier league is at 3pm.
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