Wolves goalkeeper Wayne Hennessey has signed a new five-year contract at Molineux.
The Wales international, who still had two years left on his previous deal, is now contracted to Wolves until the summer of 2015. The 23-year-old opened last season as first-choice but lost his place to veteran American Marcus Hahnemann.
His decision to commit his future to Wolves has delighted boss Mick McCarthy, who told the club's official website: "We are blessed to have three very good goalkeepers at the club who are currently fit and battling for the position and Wayne is somebody who I believe is a top class young keeper who will also get better."
McCarthy added: "This is really good news for the club to have secured one of its best young players and one who will be keen to play a big part in the future."
Hennessey joined Wolves from Manchester City as a 16-year-old and made his name during a successful loan spell at Stockport in 2007, keeping a record-breaking nine consecutive clean sheets.
After returning to Molineux, he was an ever-present during the 2007/08 season and starred the year after as McCarthy's men secured promotion to the Barclays Premier League.
"We are very pleased to have secured Wayne's services for another five years," said Wolves chief executive Jez Moxey.
"We have always said we pay very close attention to contract management with our players, and Wayne is one of the club's three excellent goalkeepers to have emerged from the academy.
"Marcus Hahnemann came in last season and did extremely well when given his opportunity, but Wayne is a young goalkeeper who will get better and will no doubt be pushing hard to regain his place.
"It is good news for everyone concerned that we have secured the long-term future of another of our talented young players."