Wolves have beaten Aston Villa, Everton, Sunderland, Bolton and Fulham to the signature of Kevin Doyle from Reading for an undisclosed fee.
The Republic of Ireland international has signed a four-year contract with the Premier League new boys, who are believed to have paid £6.5million.
Doyle, 25, joined Reading from Cork City in 2005 and netted 55 league goals in 154 appearances.
The Royals' failure to win promotion to the top flight last season led to Doyle being linked to a host of Premier League suitors - but it is Mick McCarthy who has won the race for him.
Doyle told Wolves' official website: "I'm delighted to get the move sorted and can't wait to get going.
"I spoke to the manager and chief executive over a week ago and came to the training ground to see everything.
"I've been making my mind up over the last couple of weeks and am just really pleased the decision has been made.
"The facilities here are top class and it's great to be going back into the Premier League again.
"I'm sad to be leaving Reading because I had some great years there but I'm going with their blessing as well which is nice. This is a fresh start."
Doyle, who scored 18 goals in the Championship last season, is likely to form a new-look partnership with Sylvan Ebanks-Blake, who was even more prolific in the second tier with 25 in 2008-09.
Despite losing one of their star men, Reading director of football Nick Hammond claimed it was a good deal for the Royals.
"He has arguably been one of the club's best ever signings, in terms of what he produced on the pitch, the value for money he gave us, and now the fact he has been sold for a club-record fee," he said.
"The point in time arrived where it was the right opportunity for him and the right deal for the club as well.
"I have already offered my best wishes and I am sure the supporters will be doing the same to a player who rightly earned their respect.
"Lastly, it is important from my own point of view to say that Wolves, and in particular their chief executive Jez Moxey, have been a pleasure to deal with and very straightforward. They have got themselves a top player."


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Your Comments
wigster (Everton fan)
"minidave...put a sock in it you sad little red..."
loyalroyal4life (Reading fan)
"fair play to wolves for spending some money. he is a quality player i just hope he doesnt live to regret the move and that you stay up"
dickvanwolf (Wolverhampton Wanderers fan)
"ferg- Maybe if we look like goin down we can just do what Everton did all those years back and start gettin a mad dutch fan to start payin goalkeepers off to throw games in our favour!"
ferg (Everton fan)
"sorry joburgwolf and kosovan for shouting my mouth off.i didnt mean to disrespect a club like wolves who have a great history and tradition. fair play to ye getting back to the top flight but i worry for ye.i am merely going on what happens to the majority of clubs promoted from the championship, they drop back in double quick time. i am not saying that that will happen to wolves but i will be flipping bowled over if they stay up. if a team like wba, who play great football and have seasoned internationals, cant stay up........... "
dacolemine93 (Birmingham City fan)
"fair play to wolves spending money but i am not sure if he is a premier leagye player because he struggled in reading relegation season and wasnt great in the second half of last season but good look to Wolves i hope along with us that they stay up."
JoburgWolf (Wolverhampton Wanderers fan)
"Some Everton fans seem to be eating grapes of the sour variety, especially "ferg". Can't wait until Doyle scores against Everton!! The arrogance of some supporters is pitiful. Those fans of other clubs with genuine good wishes are well received. "
aidy84 (Tottenham Hotspur fan)
"this lad is top notch both on and off the pitch! one of the best in the prem. fairplay wolves a bargain"
kosovan_wolves9 (Wolverhampton Wanderers fan)
"Ferg --yor having a laugh mate we got doyle as we have potential and we will suprise you lot trust me, for me you was lucky to get lescott on the cheap as he will be of to man city soon because the toffees are 50 million in debt and you will be going bankrupt if you are not careful.We are a club on the up and not in debt like you guys and you dont like it lescott needs to come back home where he belongs."
kosovan_wolves9 (Wolverhampton Wanderers fan)
"Good signing for me and i would say doyle and ebanks will cause problems even for the sunderland defence ha ha now lets get mancienne "
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